I think you will find this (if the split occurs - which I doubt it will), F1 as we know it now will become a middle eastern/asian series, as this is what Max/Bernie want as the advertising laws aren't as heavy over there.
The 'new F1' will be European and US based as this is where most of the teams are based.
Personally, I think they will work something out, even it means Max being ousted, which wouldn't be a bad thing.
Get Eddie Jordan in as FIA president! thats wat I say.