Trick engineering in F1 usually just tricks the regulations or the kinds of physics that only apply to racing prototypes. An example of tricking the regulations would be the double-deck and blown diffusers that were just clever interpretations of the rulebook. Tricking physics is a bit more interesting, a good example would be McLaren's F-Duct which used fancy fluid dynamics to turn a driver's leg into an on/off switch for drag on the rear wing. They basically ran a duct from the front of the car all the way to the wing, with a hole cut into it by the driver's leg. Cover the hole and pressure sucked air through to the wing, smoothing it's profile and reducing drag. Very cool, except I don't know many family sedans that need over 1 ton of downforce at 150mph.
The timing of this innovation in turbocharging couldn't be better. Every manufacturer is trying to gain efficiency with small, turbocharged engines. Small displacement engines are efficient but consumers don't want to trade half their horsepower for 5-10mpg. So companies like Ford and VW are slapping turbos onto these engines and cranking boost levels through the roof. The Fiesta ST runs 21 lbs of boost off the showroom floor. That kind of boost means a lot of heat (the same issue Mercedes' F1 engineers were faced with) so engineers are using every trick in the book to keep temperatures in control (direct injection, temporary overboost, expensive aluminum intercoolers).
What Mercedes' has done isn't so much about the innovative layout, it's that they've made it work without turbo lag. Bring whatever technology they've developed to combat the weight of the turbine shaft to the road and you've made it possible to operate on lower octane fuel while making more power from even smaller displacements.
This is what I like to see from motorsport.