I remember a very sensible idea put forward a while ago for saving formula one.

Basically, the connection between driver and team would be completely broken down - much as in horse racing there is no lasting connection between horse and jockey.

At current there are 10 teams - each team apart from Red Bull are putting forward two drivers so you have a total of 20 / 21 drivers.
There are 19 circuits at current - but there are sufficient candidate tracks to put the total up to 20 circuits.

Therefore, each pair of drivers would take it in turn to drive each teams car, randomly drawn for each grand-prix. So for example, at Australia Michael Schumacher would drive the Ferrari, but at Malaysia he would drive the BAR-Honda and then in Bahrain the Renault. By the end of the season, each pair of drivers would have driven each car twice.

This would mean that the drivers' championship would be a true test of the drivers' skill and the manufacturers' championship would be a true test of the quality of the machine. They could also remove all the ridiculous regulation for cars as well, especially the no-tyre change restriction.