I really enjoy F1 and used to watch every race back when I had the Speed channel but we've cut down our satellite package to the bare minimum necessary to have local stations, mostly for local news (now questioning that). With Netflix, Youtube and other Internet-based media sources there's plenty to watch and quality is often better than broadcast television. I wish the FIA would let go and bring the races to the Internet with all the wonderful tools and flexibility this could offer.
I love the idea of Formula E, but if it is going to be guarded behind the same kind of irrational thinking it will not reach as wide of an audience as possible.