What you think of F1 today is what I think of FIA GTs today = gimmicks for people with a short attention span.
If it's not endurance racing then what is it? Why the mandatory pit stops and driver changes for a 1hr race? Why on earth does it require a 'qualifying race'? After all it is supposed to be a top tier category, not a national series as is say SRO affilliated British GT championship which too has 1hr races.
algarvissimo, I think that you'll have fun with this series. Try its site for more info:
FIA GT1 World Championship - Official Site
IMHO it's glorified Touring Car racing. If you took away the pit stops its not that much different to WTCC.