I don't think people specifically want RR to fail. I think they'd rather see the team managed properly. But when you look at the way someone like Michael Creed was fired - for "poor performance" after one race in the season - and now the guy has little hope of another pro team picking him up this year, you quickly realize that a team managed like this is no good for the sport.
I should note, I like that "watch this" video on RR's site. It's well shot and the graphics are cool. The music doesn't fit though. They chose rap, when the music should have been high-energy rock, or metal of some sort (as in "Rock" Racing). Recommend people watch it soon, as it's bound to be removed fairly soon.