Being a young F1 fan, I agree with viewpoints here.
I started watching F1 at the age of about 5 (maybe younger), as I remember Mika Hakkinnen and Schumachers battles in 1998/1999/2000, and I first saw a GP live in 2001.
I remember it being exciting, it was fast, dangerous, loud, and at that age, anything which does that was awesome!
I can remember the one thing we shook the most when I first went to a GP, was the NOISE. Screaming V10's!!!!! Amazing noise, a noise I can still remember to this very day.
Being very familiar with the F1 technical regulations, thanks to being involved in designing cars, I agree with the view that technically, the cars are regulated too tightly.
This is both aerodynamically and mechanically.
Aerodynamically restricting the cars, to some extent, is required, for safety grounds. F1 is not about which driver can survive the highest G forces, but is about which driver can drive their car fastest around a track. But limiting it to the extent at which it is at current, is absurd. All F1 cars, effectively, have to fit into boxes, of a pre determined shape, which are pretty much the same shape as a generic F1 car. All the cars end up looking pretty much identical, which is a massive shame. The late 70's and early 80's cars looked the best IMO, and made for some great, up close racing, which was exciting, but dangerous.
The image below shows just how varied each teams car used to look. You can tell the cars apart by their shape, not by their livery!
The frozen engine regulations really p**s me off. You are allowed a 6 year old engine, which you can't do anything to, a 7 speed gearbox, and a limited fixed spec KERS unit. TERRIBLE!
I say, free it up, anyone can have whatever engine they like BUT impose weight restrictions for each engine (say flat I4 bi-turbo has a limit of 35KG, but a V10 screamer a limit of 70KG). I also think KERS and ERS and HERS and any other energy recovery systems, should be unlimited! Why the hell not?! Would allow for innovation and advancement of technology, surely?
With today's technology, and modern safety, surely we could revert back to a more open technical regulation, and make the sport more exciting again?