Mik Storer and his affiliates are doing some neat things in the Philippines. This whole fleet in the video cost less than importing 1.5 Lasers according to a post he made.
This is good for people in the Philippines who want to sail and learn to sail, this is also good for us here in the USA, where I see less community based sailing opportunities available for everyone.
Regardless of what you think of the boats, people are sailing, they are racing, they are having fun, and the boats are moving along at a good clip too!
Perfect gets in the way of good enough.