When you talk about technology it's clear for me that you just don't like the F1 design, so you will never like F1 anyway. Forget about it. F1 is not about driver, is about team, driver and technology/development. All of these things, 33% each.[/quote) Sure, but the development part has dried up to a trickle and isn't ever going to offer the advancements it did in the past. It's all minor tiny changes that are found by having teams of people sift through data to find minor tweaks they can make to gain minuscule advantages. From a spectators point of view there's nothing to see, we're never going to see a jump like the first time they started adding turbos or wings.
But something need to be said. Old F1 have even more difference between the cars on the grid (5 to 10 seconds!!!!) and less overtakes (%) on non lapped drivers. Anyone can see old F1 racers. Nothing really different from what we see now, but more reliable cars and much closer cars in timing.
The difference now is the cost, it's becoming way to expensive. Back then private teams could afford to take part and had the chance to innovate and develop a unique car. Now a team has to be backed by a multinational obscenely wealthy corporation, there's only a handful of companies that have the funds to enter.