Well, Club Terni has announced the 2011 Motogiro!
Motoclub Terni Motogiro
Of course there are two of these now; DreamEngine2 runs an event too.
A short history...
Club Terni started running the revival event back around 1989. In 2001 Ducati spun off an organisation called DreamEngine to run the event with Club Terni. Ducati was interested in the marketing benefits. In those days DreamEngine ran the hotels and tourist stuff, and Club Terni ran the competition and road stuff. DreamEngine did bring a Ducati bias to the event, and that certainly brought many Ducati fans. That lasted through 2007 and then Club Terni and Dream Engine split ways. Around this time Ducati stopped making a big sponsorship of the event as well. And then DreamEngine disolved and DreamEngine2 was formed. Now there are two Motogiro events held in Italy. At this point it appears that the Club Terni event is the FMI (the Italina Motorcycle Federation, like our AMA) certified event. I've never been to the Club Terni event, but have heard good reports. And it sounds like people had a great time at the DreamEngine event too. Although I haven't personally been able to compare the two, I suspect the DreamEngine2 event is still a bit more Ducat and tourist focused and the Motoclub Terni event might be a bit more Italian (less English spoken and more Italian riders). But that is just my guess.
DreamEngine makes a big deal about the name Motogiro and you can see some noise about related Italian lawsuits on their website. But it appears that that trademark is for the "trapezoidal logo with motogiro printed inside it" and that Terni is being allowed to continue to use the actual word Motogiro as well. Which seems sensible, as this is a generic term in Italian, roughly translated "motorcycle tour" in english. Regardless of the lawsuits, its great there are two events now. But I hope the market can really support both.
I'd really like to go and try the Motoclub Terni event, as I remember those organizers fondly...