To be fair mpicco, the technology does still trickle down. TCS, ABS, paddles, and now KERS. I still think it's a bit silly that they think lowering engine sizes and revs is advancement.
The same people that find this shit show exciting are the same people that found the introduction of KERS, DRS, and paper tires exciting (and while I'm at it, the EBD rule change). It tightened the pack and we had shitlords like Maldonado take a win, "ooo how exciting". But then the strategists figure out a couple things and then overtaking no longer requires thinking and most of it happens on straights and pit lanes.
The same thing will happen with these rule changes, the pack will be close, but as teams figure things out, the field will separate (which is important so reckless rookies like Maldonado and Grosjean don't get self entitled and ram the shit out of everybody, oh wait). As someone has mentioned, an exercise in reliability is not exciting and I'm honestly quite surprised some of you are describing the races as such.
As long as rule changes continue to be gimmicky, with no racing 'spirit' in mind, this trend will continue.
Audience figures will not drop, there are plenty of people that would enjoy the gimmick-festered carnival that F1 has become. I do, however, believe that a big team might resign from F1 if it continues down this path. Hopefully it's Ferrari, that will make the biggest impact.