But it has not been entirely smooth sailing in the 18 months since the new ground-effect cars emerged, with grand prix racing having endured its share of ups and downs.
On the positive side, the cars do seem better able to follow each other than the older generation of machinery, which has allowed for some closer battles than we would have otherwise anticipated.
However, there have been some headaches too, especially when it came to F1 teams and the rule makers battling the severe porpoising that blighted the early running with the new cars.
It says much about the positives of the new rules set, however, that, as feeder series F2 looked to deliver its next-generation car for 2024, it has taken on board many of the lessons learned from F1.
Rather than electing to stick to a simple evolution of its current tried and tested design formula, its 2024 rules set very much moves it more towards F1's current generation – with ground effect, similar wing concepts (excluding the eye-catching DRS element) and like-for-like safety standards.
And it is all aimed at one thing: producing a car that can race well.
As F2's technical director, Didier Perrin said: "With the aerodynamics of the car, we focused on the ability to overtake: so the possibility for a car to follow another one."
Tim Goss, the FIA's technical director who works across all categories, is clear that the positive lessons taken on board from F1 since the start of 2022 have been decisive in shaping the direction of the F2 challenger.
Asked by Autosport about the transfer between F1 and F2, Goss said: "The 2022 F1 car did make a significant step forward in terms of how closely the cars could follow through corners.
Source: Autosport