Hail to the Victors Valiant, Hail to the conquering heros.......!
Wish we could do better in the Rose Bowl.
To Matthew's questions:
Yes, drag is a component of the aerodynamics, and it probably makes up about 20% of total drag in the rig. This is parasitic drag--drag that offers no lift. Yup, get rid of the wires, and you get rid of lots of drag. Induced drag is still a bigger component of drag, perhaps on the order of 50% of total drag.
Cost of free-standing masts: I should clarify--my comment was based on carbon fiber construction. Generally, for smaller boats, the cost of the carbon fiber and the process to build the mast is larger for smaller boats because of the fixed costs involved in the process. Compare this to aluminum or wood stayed masts for the same boat including the wires for the rigging, and the cost for the free-standing rig is generally higher.
However, with smaller boats like dinghies and daysailers, then the strength of wood and aluminum is adequate, as well as cheap, for the application. So on relatively small boats, you can still have economical free-standing rigs, and made out of more common materials.
Eric