I don't know about the advanced technology argument anymore with standard ECUs, no ABS, no traction control, no launch control, aero limitations, legacy fuel and engines with little practical application.
I am not saying they are not innovating, just that they are not the leaders they used to be. In some ways, ALMS and similar series are doing more in that area.
F1 has to decide what they are. To be the premier series, you have to let builders build premier technology, not just engineer solutions to the nth degree of stifling regulations.
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I am a Commodore PET --- Now get off my lawn you kids...
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