Inspired by the 18', 19' or 20" inch wheel proposals i was thinking of a comeback of the wheel covers. like this.
They were looking great on the F2008 and McLaren MP4-23. Don't be misleaded by the picture in the link- for some reason Honda made the car deliberately looking bad. To me they look great. So if the aim is to give the cars a more aggressive look i'd let them return. However they also improve aerodynamic efficiency. (and since the cars need to get faster...)
edit: And for those who argue that fixing them takes too long during the pitstops- no, when refuling comes back they have the time to fix them. When i remember correctly the pit crew used one wheel gun to remove the tyre and then used a new one with a new wheel cover to get the tyer back on