Originally Posted by John H.

Not exactly. This is from the USGP website-

"2006 Engines: The introduction of a 2.4-liter V8 engine together with a number of restrictions concerning design and permitted materials. Reducing capacity is a sure way to reduce power, while technical restrictions will limit the rate of power increase. It is estimated that power will drop to about 700 horsepower compared to the 1,000 horsepower that existing engines will reach by 2006.


In order not to prejudice the smaller independent teams, the existing 3-liter V10 engines may continue to be used in 2006 and 2007, subject to a restriction on revs to be determined by the FIA. Having reduced engine power, there is a need for an inexpensive but competitive engine for the smaller independent teams, including newcomers. A rev-limited 3-liter V10 can be adjusted to be competitive with factory 2.4-liter V8 units but will be far less costly."

I think the point is that reducing costs does level the playing field.