New updates on the story... I guess it was just the Schumaker esc. Here's the guys thread -
http://casterracingusa.com/forum/showthread.php?t=1499
"But I pretty much lost nearly all of the electrics except the 2 chargers (Which BTW Mike, the hobby store owner wants to buy some for his shop). Motor tempted at 230f, ESC looks like a good BBQ meal, Lipos have some sides slightly melted. The car has some melted parts but overall intack. Some at the track say the lipos may still be good but I don't feel comfortable with a battery that has taken damage already and could be a sitting bomb."
Well now all this is in the wrong place.