All this really says to me is that people valued the noise above all else.
So, F1 is just a lot of expensive cars being noisy going around a track.
Speed doesnt matter, as long as it sounds fast. (Cars have been getting slower since 2004, but thats never been mentioned before until the cars 'sounded' slower)
Racing doesnt matter, as long as there is 'Ear splitting' noise.
Saftey and the well being of the drivers doesn't matter, as long as there is noise.
As for the comment about 'Balls out racing' for the past races. Thats a case of some serious rose tinted glasses there. I remember people called F1, Boring1 or the 'dullest motorsport there'. This was back in the golden era too.
But hey! There was noise, so its all good.
Imagine goimg to a concert without lights.
It may not add to the music you hsve paid to see but its still a big part of " the event"
Same with F1 engines - although if you have never been to a race ( or concert) this concept may well be hard to understand