It's perhaps not the best metric, but the number of overtakes over the year may remind you that before 2007, most GPs did look like Monaco. https://old.reddit.com/r/formula1/comments/2charb/the_number...
Here's a current strategist's thoughts on it: https://www.reddit.com/r/formula1/comments/go6c9m/im_an_f1_e... (TL;DR fuel restricted racing is more deterministic)
I personally didn't like fuel changes, probably because I started watching F1 before they were introduced and it made me mad that a less efficient, less-reliable engine could now win over more solid ones. They are also spectacularly dangerous for drivers and crew - as Jos Verstappen can attest.
Pre-2000, reliability was more on par to what we saw this weekend (45% of cars not finishing), which made it much more exciting on average.
It’s also getting tighter at the front. Knock Mercedes down a peg or two and 2021 could be a 4-way fight, with Maclaren joining Ferrari and Red Bull to challenge the Mercs.
But I did mention Hakkinen-Schumacher for a reason - though they were direct competitors and had very different driving manners, you could see how they had immense respect for each other and acted like true sportsmen off the track. Whereas now you have a ton of spoiled brats (some multiple world champions at that) who cry like babies every time the wind isn't blowing their way, others who have seats only because they have rich daddies, while people like Hulkenberg are sitting in front of the TV at home... I mean look at teams alone - there are only two teams with solid relationships between drivers inside of them - Norris-Sainz and Raikkonen-Giovinazzi(I suspect because Raikkonen simply does not care and is only there because he enjoys driving).
And I don't see how this will improve in the future. What I'm trying to say is that I'd much rather watch a real race as opposed to a soap opera, which is what today's F1 resembles more. Not just from drivers' prospective but from teams themselves.
[0] https://www.motorsportmagazine.com/archive/article/december-...
With the ubiquity of drones nowadays there would seem to be a lot of options for more exciting viewing.
Although the speeds those cars move at isn't possible to convey on camera- what looks like 60mph is usually a three-digit speed. Drones wouldn't be able to keep pace, which is why they're used as static cameras rather than chase cameras.
EDIT: for reference https://youtu.be/XHSeGou-pCI