I doubt if the new GP masters will recapture the sprit of F1 in the good 'ole days.
Its hard to pin down where it all went wrong, and i guess there are going to be different reasons and era's for different people. There are also quite a few misguided souls who believe it is still great.
For me it it was the mid 90's when I finally gave in, gone where the great teams, gone where the drivers who could speak there mind, gone where gearbox's where a mistake could be made, gone was the engine note that varies, gone where the great corners on the great tracks, gone was the access to teams.
The golden era for me, the late 70's to the early 80's, Senna in the toleman, Jones and rosberg in Williams, Turbo Renaults, fantastic Lotus 78's, ground breaking McLaren MP4's.
http://rupert8766.fotopic.net/p9285945.htmlMore power than the cars could handle, cars that had different engine note and looked different.
The reason I choose that time is that dispite being there I simply cannot recall the race's I was taken to before that time beyond playng in the mud on the south bank or at stowe with my toy cars!! ( I was also at Brands in 1970 for Pedros great drive in the 917, but I have no recollection of it what so ever, I was only 5)