The sardonic definition of a sailboat is a hole in the water into which you pour money. And effort. And time. The surprise is only that the description has remained apt for so long. While there have been countless improvements in boating equipment, the sailboat, especially the basic 30- to 40-ft. cruising craft, has not changed much in the past 20 years. Nor has it had the full- scale design overhaul that might be expected for a relatively expensive sport, where as many as eight people work simultaneously at complicated tasks.
Finally, a group of entrepreneurs has made a dramatic effort...