You can argue Vettel did the same with Red Bull. Bought out from Jag, took a few years to find their feet and then they are out there killing anything with 4 wheels... over 1 lap anyway. Yes Vettel went to Red Bull just as they were getting in their stride but he was with Torro Rosso as they were finding their feet.
The one way a driver will show how good he is, regardless of what team he is in, is how he does against his team mate. Vettel beating Webber, and the same with Hamilton and Button. Forget the last 2 races where Lewis hasn't had his head screwed on properly, he's regularly been outpacing Button.
If F1 suddenly decided to make all cars equal, then I'd stop watching. And I'm sure millions of others would follow suit. That's not F1. F1 is supposed to be different teams, with different minds, pushing each other to be the best. A lot of other race series that have got equal cars are promoted saying that it's like that for close racing. That's all horse ****. The close racing is a by-product. The number one reason they have the same cars is to keep costs down to have people in their series. 6-7 years ago, to race in Formula BMW was best part of £250-300k. And that's an absolute minimum! If you start having crashes, then you can add more on top! God knows what it is these days. People tend to go there straight from Karting. That's not easy to do WITH sponsorship, let alone without. If the teams could do what they want like they do in F1, then nobody would have the money to race there in the first place.
Also comparing it to BTCC saying that there is close racing/bumping etc is a bit moot too. They bump/push/scrape along eachother in BTCC because they can. Their car will come out the other end still capable of doing another lap. I don't need to say what'll happen if you try the same in F1!
I quite like the systems used across the pond. A boost button which you can only press 10-15 times a race. So strategy comes into it a bit as well. Again, I see that as fair because everyone has the same amount at the start of the race. If one driver decides to use the boost 10 times on the first lap, then tough tooties for the rest of the race.
So for me, I like seeing technology (even if I can't fully work iTunes...) in F1. Just the right sort of technology though.