Spurred into action by the recent failure of the Doha Grand Prix, which affects the 2011 World Championship cycle, FIDE has created a new candidates tournament to find the challenger. The organiser decides whether this will be an eight-player round robin or a knockout series. The eight participants are two Grand Prix winners, two World Cup winners, the loser of the 2009 Kamsky-Topalov Challenger match, the world's highest rated player (on what date?), the loser of the 2009 World Championship match, and a 2700+ wildcard nominated by the organiser.
Kirsan Ilyumzhinov: We have retained the components of the old system, the World Cup and the Grand Prix, but we have also given the player who loses the 2009 the chance to take part in the cycle. The Candidates tournament should take place in the spring of 2010.
This is a joke. Chess needs a better organizing body. I've never heard of any sport or game run anywhere near this badly.