I think it's crap. F1 should be the pinnacle of technology and they are constantly holding it back. I understand that it is expensive for the 'lesser' teams, but it is seen by most as the very top level of motorsport in the world. I think there should be at least one series where they are very limited on engine capacity, tyres, and not much else. Like Kismetcapitan said the developments made could actually help road cars of the future.