For me, at least, F1 requires a great deal of attention to be enjoyed. I used to follow F1 closely, back when I was racing sports cars. That was when Senna, Mansell, and Proust were at the top, then later Schumacher. I had subscriptions to several racing magazines, followed websites, etc., and I was usually up to date on the technology, different teams' strategies and testing, what the engineers were doing, all the stuff that was happening in the background. It was fascinating, and races were the proving ground to see who got it right.
Now that I'm no longer putting that sort of time into it, the races themselves are okay, but not nearly as interesting when I knew all back stories. F1 is racing where the drama gets played out over days and weeks and seasons, not just on race day.