Nolan, With reference to your comments "you can still watch 10 races", let me give you an example to perhaps you can relate: Would you be happy to go to the cinema watch the first hour of a movie only for the theater to turn the screen off and ask you to listen to the rest? Somehow i doubt you would.
I watch two programs on the BBC, TopGear and F1, i have no interest in daytime 'unemployment TV' and cheap to produce media content which appeal to the lowest demographic.
With the BBC's current moves of cutting premium events they risk falling from the top of the media production tree.
Everyone has to make hard financial choices at the moment, perhaps more of the population should stand up and refuse to pay the licence fee, perhaps then the BBC will actually listen to what US the consumer actually wants.
For reference i already have a Sky HD sub but i refuse to pay the stupid amounts it would cost for the sky sports package.