R-E-T-A-R-D-E-D!!!!!! Damn, one of the biggest reasons I watch F1 is because of the technological innovation in the cars. Take away all the progress we've made in the electronics, gearboxes, engines, traction controls, and you'll see NASCAR have more technology than F1.... It's basically a step backwards to 30 years ago when these technologies didn't exist, and perhaps when F1 was in it's prime. Those days are gone and to try and bring back that dinosaur is not going to make F1 better, in fact I won't watch those POS cars race, I might as well watch IRL or F3000...
I can understand the concern to reduce costs in F1 but there are better ways of doing that then to take out all the technology that has made the sport the pinnacle of motor racing. The best way is to simply impose a fucking spending cap on the teams! How about teams are limited to 100million a year investment in their team with any overexpense resulting in a weight increase in the car relative to the amount of additional funds spent over the limit. So if a team like Ferrari spend 1 million more to develop their car, they get 10 extra lbs of weight added for example for each mil ove the budget. Keep the technology there just put a limit on the ballistic teams spending 500 million a year on their car, while other teams spend half that. Look at minardi, they are 4 seconds behind mainly because they only have a 50mil budget. That's how to slow speeds while keeping the technology...
I think the reduction in engine capacity and and cylinders also suck ass... the whole thing that seperates F1 is that no other motorsport can match it's exoctic technology. Nascar use V8's and are floating around 800HP now so a drop to 2.4 cylinders in an F1 car would put us around 720HP!!!! SO A NASTYCAR WOULD HAVE MORE POWER THAN A 2.4LITER F1... that just isn't right... Cart would be faster, and F1 would be just above where the IRL cars can perform.
So then we have the problem of competetion. Well by keeping the budget set at no more than 100mil you will see the field close up REAL fast you can bet on that, but the semi sequential gearbox is the way to go not clutch and shift like they decades ago. The BMW SMG gearbox you see in the M3 is a result of F1's efforts in pushing the technology effort. What fucking improvement do you expect by having a sport mostly devoid of technology? Sometimes people need to be punched in the face, and Max Mosely has one coming. If these rules do go into effect by 2008 by then the contract teams have with F1 expire expect Ferrari, BMW, Mclaren, etc to start their new series of racing.