No-one is owed a living by F1.
True. But there are a lot of companies out there who are happy to spend millions funding it and there are many who are happy to be employed in it. And there are even more people happy to watch it. I for one, love it.
At the end of the day new rules and regs have always been brought in, in order to pull F1 back a bit. Had there been no such pulling back, then by now, F1 cars would probably be doing speeds approaching 400mph.
And if the Formula is no longer viable, then scrap it completely and start over.
That suggestion is a little silly. Its better to dilute the rules gradually, which is what is happening. This way, everyone can adapt, slowly without the rules being totally overhauled in one go. Doing a total overhaul could also result in a lot of people losing their jobs, which is not nice.
Don't keep diluting the current ruleset down until you're left with something that is F1 in name only.
F1 is just a name. Its supposed to mark the pinnacle of motorsport - where the best personnel ally together to form a team which pits itself against other teams. Its supposed to represent the best in technology and the best in personnel. However, there comes a point where (like now), you have to adapt to the times. In 2008, there is major financial trouble, hence, F1 must adapt. In 3-5 years time, when times are good again, budgets will once again increase and we will move back to personalised gearboxes and engines.
Scrapping F1 and then relaunching it as Formula X (or whatever you want to call it), is a little silly as pretty much all the current F1 teams and drivers will be competing. The only thing that will have changed is the name. And to do this overhaul will cost a lot of money, which defeats the purpose.
Most F1 fans just want to see a good close race, on race day, with a little unpredictability, to get the heart pumping. They are not fussed whether the engine being run by the 2 leaders are identical or different. They just want to see a good race.
