Lots of very interesting points in this thread. I pretty much agree with all of them, positive and negative. I have always been interested, nay fascinated, in the engineering (mechanical, electrical and aerodynamic) and the whole dynamic of F1 racing. My big gripes with today's F1 is because it has become, like so many things, totally person centred whilst dismally presented and promoted.
It's the superstar syndrome gone mad with so much focus on the driver, like some sort of rock superstar, who has to be lauded when he's singing the great song and then mauled when he screws up. Meanwhile, the rulemakers have got away with constricting the variety of the technology so that if we understand one car we understand them all. The TV coverage for those of us who don't have the bells and whistles of a full Sky package is hopeless.
LifeW12 's video of Alonso and Schumacher is a prime example of how just a couple of minutes of a chase is captivating - especially without commentators screaming like over excited children.
I thought 2014 was one of the best seasons since the turn of the millennium. The power units were new and worth talking about and there was variety in the aero' solutions. This season, the cars suddenly look very similar and we know all about the power units because the engineers are not allowed to come up with anything new. So now, for us techno-nuts there is nothing really significant to talk about. Oh, unless of course, one wishes to have an endless debate about additional fuel flow sensors to prevent cheating. Snowy nailed that one in one sentence: "Give them 100 Kilo's of fuel and tell them to use it the fuck up!"
So it's just sit back and watch. Therein lies the real problem. If we are trackside we are able to see the ebb and flow of the chase, the build up to attacks and the consequences. We may not even see the successful or failed overtake but having witnessed the closing gaps and sensed the tension it is exciting, and when the blokes we root for come round in front of those we don't we go nuts ... in a good way. A lot of people used to knock Murray Walker but aided by James Hunt, Johnny Palmer and Martin Brundle, he used to convey that in his commentary and the rudimentary - by today's standards - camera work conveyed that tension and excitement.
Now we get blip-vert photography, brief wide-angle footage but an excess of close-ups when there actually is action happening all over the place. If we're lucky we see overtakes, blow ups, collisions or crashes as they happen, but precious little of the build ups and immediate aftermath. By "aftermath" I mean what else is happening in the vicinity of the incident. For example, this producer's disease is affecting bike sport as well. The prime example is when rider x crashes out and the camera dwells on him getting up and plodding disconsolately away. Meanwhile, all hell has broken loose and we'll see that ten minutes later in tedious slo-mo whilst something else is going down. FOCA's methodology is to play relentless replays of F1 racestarts accompanied by overexcited Beeb/Sky commentators screaming like banshees. For the rest of the race it's like they're trying to catch up with what happened whilst they were away masturbating over this fantastic start, that fluffed getaway and this minor contact (that has to be shrieked about louder than anything else)!
So, to conclude my rant, F1 is somewhat interesting, occasionally very intriguiging and often exciting. The trouble is, that for all the glitz and glamour, precious little of it is conveyed into the living room. With life being so complicated nowadays that is a big problem for a sport that is so expensive for just about everyone involved in it and wanting to follow it.