KJSWA

I think F1 regulates the one thing that needs to be regulated, tires. One manufactuer supplies certain compounds for a GP and the teams figure out how to make them work with there chassis. I think as a whole its over regulated, but theres a lot of different looking cars on the grid running lots of different equipment. I say cap the budget and R&D time and whoever is smart enough to make the fastest car wins. As long as they follow some general guidelines, ie, engine size and whatnot. I think you'd see some interesting concepts show up and it would make the series more competitive and fun to watch.