I would probably stop watching if that was the case… boring.
F1 will eventually merge with Formula E as F1 is an R&D series for the car industry unless it changes its business model. If it goes back to a privateer high octane racing category, then many of its environmental and consumer technology initiatives will have to be scrapped. You’ll also lose the likes of Mercedes and other potential manufacturers. Ferrari would probably stay due to the sport being a marketing avenue.