Unfortunately, quite true.
For me, F1 has been in decline for quite a while. If someone this year needs the "double point" BS to claim the WDC, it will be the final nail in the coffin as far as I am concerned.
"Lower" formula and other forms of racing provide me with much greater enjoyment (in the absolute sense, not just for the money) and, to me, showcase driving ability to a far greater extent.