I have to agree with you to a certain point, but I think most of what makes the F1 the pinnacle is the money thrown into it. But if they really want to cut the costs drastically, then there is only the hype about F1 left.
Didn't knew that. Must be because of better aerodynamics, because the Superleague cars put out 750hp, and thats about the same as an F1 car. But anyway, I still think there will be a time, when F1 isn't the pinnacle of motosport anymore.