As everybody expected, Sete Gibernau officially announced his retirement from the highest level of motorcycle racing. "Racing doesn't make me happy any more, and I don't need to do it for the money," the Spaniard said at an emotional press conference in Barcelona. Gibernau will be 34 in December, and had suffered a series of injuries and operations this year. He has been racing in the MotoGP series since 1996, and finished MotoGP championship runner up in 2003 and 2004. An interesting detail is that Gibernau specifically mentioned retiring from the "highest level" of motorcycle racing, leaving the option open to return to some other form of racing at some point in the future.
~~~ UPDATE ~~~
Roadracerx.com have a transcript of Gibernau's press conference. Well worth reading.