I blame your perceived demise on the rise of the microcomputers!
No soul, just zeroes and ones. Pure efficiency, keeps the air thin at the top!
I follow F1 since 1989. Old cars were ugly in my opinion, the races were not always exciting.
I think 2007,2008,2009,2010 were awesome seasons, no processional races as far as I remember, 2000-2004 were very dull. 2011 was ruined by DRS.
You can keep apart the F1 cars without livery! By the way those old cars look pretty much the same.
F1 is still the pinnacle of motorsports engineering. Maybe more than ever.
Rule changes are fine, only Newey and the mass spending of Red Bull sucks, Ferrari always spent the most but they were kind of inefficient sometimes.
Tryin to understand the myth of aero is difficult but fun (i can't really understand how it works). At least I can see the things I speculate about, engine and Kers are inside, suspension (interesting parts also)also.
No aero and big open engines? there are open touring cars series that fullfill those needs.
So lets wait for the Turbo cars, maybe they will ruin F1 ???