Sad to say I haven't watched F1 since Sky took over (I don't\won't subscribe to any Sports channels), I won't watch it again till Eccleston and Sky are gone and F1 is returned to ITV, the BBC should NEVER be allowed to hold the F1 Licence again. The BBC show highlights\delayed races at the minute but that means I would have to avoid Radio, TV and Internet so as not to hear the result before-hand.
I have no doubt F1 will have lost many viewers in the UK since Sky took over and they will probably lose a few more now.
You're right, I also preferred the ITV Coverage, though BBC is alright, but Sky is horrendous.