Ethan Maas who is on this forum will likely know the details. Another thread says that they are in the Westchester County Medical Center.
I too have co-driven with James (we rolled at Black River Stages in 2002, had two flat tires, finished the rally, and we were not even last in class!). I know Gerry very well as we both own MGBs and trade stories of mechanical woe.
I just spoke with James. He's doing well. He says that some surgery on the ankle (pins and plates) after the swelling goes down, and some rehab, and he'll be good to go. His ankle problems are broken bones, and not ligament, so that sounds really good to me!
He's not planning on getting out of rally, and has been thinking about which parts are salvagable already!