Good news if you already have sky..
This is just for info.. I'm not getting into the issues about free to air etc.
Looks like you can get F1 for £10.25 a month by taking the HD pack instead of having to have the full £20 sports package (and also the £10.25 if you wanted HD which is what it looked like was going to happen)
"The dedicated channel will be provided at no extra charge to all Sky TV customers who take both Sky Sports 1 and Sky Sports 2 or the HD pack of channels. It will be found at 408 in Sky's on-screen guide, after a scheduled move of the Sky Sports channels. Sky Sports viewers without the Sky+ HD pack will receive a standard definition version"
Full article
http://www1.skysports.com/formula-1/new ... F1-channel