the death of F1 in the UK, casual fans (who make up a lot of the 6+ million viewers on the BBC) won't go to Sky. Most the of he hardcore fans (me included) won't buy Sky sports just to watch F1, unless I can just but the races at a reasonable rate. people won't understand where the race is when they watched it one week on BBC and the next one isn't there and will just turn off. If you can't follow the season most people will not bother.
With all thats going on in the UK regarding anti Murdoch/News International/Newscorp who in their right minds thought moving F1 coverage to Sky was a good idea. I'm sure the coverage will be top notch, but who will see it? I suppose there is the option of going to the pub to watch it, but they'll be showing football whenever there is a clash.
The BBC figures will suffer, Skys figures will be crap and interest in F1 in the UK (which is fantastically high at the moment, partly due to BBC) will plummet. A dark day for F1.
BBC might spend a lot, but they get the viewers, they do a great job and they sell to other regions. They'll still have to come up with an alternative (expect re-runs of Antiques roadshow or live snooker) and no-one wil see it anyway.
Stupid, stupid idea