Cost Control, yay or nay?

Hello there, whoever you are.
So, I've heard a lot about news about cost control in F1 over the last few days and thought I'd do a blog on it. I'm not just going to copy&paste the whole bloody thing like too many blogs seem to do. Instead I'll just give you a link to the story and go on to give me opinion. http://www.autosport.com/news/report.php/id/100385
http://www.autosport.com/news/report.php/id/100362/

So, I have no doubt that if there was no cost control the sport would be faster. This is a good thing for every one of us motorheads. Speed is good. However, speed would come only to those with huge budgets and would effectively knock any team not backed by a motorcar manufacture (or Red Bull). Although maybe F1 already is like that, afterall you do have to pay for the talent behind the wheel.
From a safety point of view- having no cost control is practically suicide. You'd simply go far far too quick.

On the other hand, cost control is a very good thing even if it means a bit less speed. We don't need ALL that speed, do we? Look at the season we're having so far! Incredible! Cost control will keep the do gooding, non F1 fans from moaning about it 'being a recession'. It also is the main thing we can do to balance out the field. We all know a close field means close races and as we saw in Montreal last week, that is a very good thing.

Thank you for reading.