Meh, It was the same when Mercedes were winning all the races. F1 is generally not competitive most seasons. The big problem, as I see it, is the minimal impact of in race tactics (perhaps re-fuelling would help this), the reliability of the cars, the lack of punishment for running off track and the overtake the car in front of you button on the steering wheel.
The sport has needed surgery for a long time but it still manages, through good marketing, to hold on to a huge worldwide audience. If you want to watch racing watch MotoGP.