[QUOTE=SmartAleq]
Okay, gotta take exception here! Formula One is NOT roundy roundy racing–you’re thinking of NASCAR, which is indeed boring, bloated with money and the cars bear about as much resemblance to “stock” cars as a drag queen does to a soccer mom… In F1 the teams are allowed a strict limit of chassis, parts and engines–you wreck your car too many times and you are out of the circuit for the rest of the year. The car you start the season with is the car you race, period. The cars have an upper displacement limit, (currently 2.4L, V8 and naturally aspirated with an option for V10 3.0L) so you can’t just come in with a huge ass supercharged 8L W16 or something like that, so the engines are running at max tolerances to put out that much HP per liter displacement. Here is a Wiki link to the current F1 regulations for the cars. As you can see, these are pure old style cars, no fancy schmancy crap allowed in F1–these are old style beasts which are engineered to fine tolerances.
The tracks are quite often marked out on streets rather than being run on special tracks, and the cars have to be able to deal with manhole covers, chunky asphalt, bumpy bits and all the attendant issues attendant on racing on real streets. Races aren’t called due to rain, and there are limits to how many times you can change tires in a race. Go watch the Grand Prix de Monaco for the finest example of this type of course. Not only do F1 drivers have to know how to turn to the right, they have to deal with hills, bumps, chicanes, up to 90-degree turns, rain, snow, slick spots, different surfaces complete with transitional areas, sheep on the track, you name it, F1 has to deal with it! The only more gruelling roadracing possible is Le Mans, but that’s only one race, whereas once a team is done with one race in F1 it’s off to another country and a whole 'nother set of problems for the driver and car.
F1 racing is the epitome of fine driving linked with fine machinery–no computerized, drive by wire, “throw money at it 'til you win” racing here!
Carry on! 
[/QUOTE]
You must be watching a different F1 than what I’ve seen. In the F1 I’ve seen (with a guy by the name of Michael Schumacher driving for Ferrari), the cars are all carbon fiber, have a dozen or more guys staring at computer displays which are showing real time data being generated by the computers installed in the cars, the average team’s budget is about the same as the total amount of money spent by all teams in NASCAR, and the race ends at the same point where it begins (hence, a circle). The paddle shifting trannys are all computerized, and the engines are all titanium, magnesium, and other alloys. Not a cast iron or aluminium block among 'em.
Oh, and the WRC folks are trying to get interest in the sport started here, but they’re not having much luck, AFAIK. Personally, I find all sporting events boring, so unless they do something to make it really interesting, like adding machine guns and the like to the cars, I ain’t gonna watch.