Information is still coming in:
http://www.rgj.com/article/20110916/EVENTS05/110916036/Update-Three-confirmed-dead-air-races-crash-pilot-stunt-pilot-movies?odyssey=mod|breaking|text|FRONTPAGE (http://www.rgj.com/article/20110916/EVENTS05/110916036/Update-Three-confirmed-dead-air-races-crash-pilot-stunt-pilot-movies?odyssey=mod%7Cbreaking%7Ctext%7CFRONTPAGE)
http://www.reuters.com/article/2011/09/17/us-crash-airrace-idUSTRE78F6U420110917 (http://www.reuters.com/article/2011/09/17/us-crash-airrace-idUSTRE78F6U420110917)
Basically an 80 year old pilot flying a modified P51 aircraft.
RM