Earlier quoted context omitted.
Technology can make the racing uninterested. ABS and TCS removes all the risk from cornering and braking, so you don't get spectacular overtakes on hard braking, which is a big part of racing. So, some technological advances actually reduce the entertainment factor. Thankfully, my favorite form of racing, motogp, has benefited greatly from recent technological advances. http://www.youtube.com/watch?v=-YAiXqOwkmE
There are no driver aids in F1. No ABS, no (legal) traction control.
I think they should just let the teams use whatever technology they can invent...