Here is a quote that documents Arminius' teaching that election is based upon forseen faith and perseverence.
This is the position of alot of the Pastors in the Church of the Nazarene (including mine) My Pastor says that foreknowlege = predestination
I'm just so used to reading scripture with the understanding that foreseen faith is foreseen due to God's foreknowledge of His gift of believing and saving faith to his foreknown people that I must read Arminius' teaching without the assumption that it is entirely the work of God.
It is apparent, though, from reading the Canons of Dort that they were rebutting the teaching that the foreknowledge is of our actions toward Him and not His actions towards us. It is also aparent that todays Arminians are "super-Arminians" in that they continue to walk down the path that Arminius opened towards its logical end.