Sounds like a good idea to me. Not sure I'd like it personally in F1, (ground efects would be back, turbos, active suspension, TC, LC, FTS Breaks, ABS, two way telemetry...generally too much driver aids and too much speed) the FIA will then legislate against ground effects and turbos because the're too fast, and the rest will be outlawed because of "the driver not being involved"
Then the FIA will legislate against tall spindly wings, and moveable aero on safety grounds, the cars will then be stuck with grooved tyres and they'll make them last for a whole race, but only for one season before they realise it was a stupid idea and switch back to allowing tyre changes the following year. Te cars will still be consistered too fast and the FIA will insist in 2.4l V8's insted of 3.0l V10's which had become the norm since:
A) they previously in sisted on regulating the engines only to 3.0l V10's
B) point A came aout after they banned 1.5L Turbos
Eventually the cars will be considered to be too hard to overtake in, so some moron with no aero experience will suggest splitting the rear wing in two (this was probably though u while the pain of a whip bluured proper brain function), once it was made clear that this idea too was crap they'll insist on having funny looking rear wings & big snow ploughs on the front, because the problems with overtaking couldn't possibly be due, in part, to the fact that the circuits are all so littered with chicanes they're aren't enough straights to slipstream on!
It all sounds rather familar
While I'd
love to see a series like you suggest conceptual, (here's 65m to go racing with, let your mind go crazy and see what you can come up with), I can just see the FIA ruining the whole concept by legislation, exactly the opposite to what that whole "The only rule is a buget" system would stand for.
Silence is golden when you don't know a good answer.