Well, we all saw the writing on the wall, and the decision is now official, Michelin will pull out of F1. It's a shame, that a manufacturer that has spectacular success in motorsport feel they have to abandon Formula One.
The people in charge in F1 say it's in the interests of saving money, but I do have to feel contempt at what I perceive as politics driving Michelin away.
Since last year's rule change that eliminated tire changes, the advantage went to Michelin over Bridgestone. Obviously, for this format Michelin got it much better than Bridgestone, and to make another quick rule change obviously negates the advantage that Michelin had. It's back to a level playing field, allowing Bridgestone back into the hunt.
The newest rule changed was to go to just one tire supplier, and I'm sure, along with Michelin, that this honor was going to be awarded to Bridgestone.
IMO, having more than one supplier does foster good competition. If we followed Max's logic, then it would be sufficient to have just one tire supplier in F1. And if so, why not just one engine, one chassis, one fuel, and so on and so on. I hope the fans turn an eye toward NASCAR and their policy of having just Goodyear supply tires. Despite the official naysaying and hype, those Goodyears just suck. The race at Charlotte turned into a farce when tires were failing on a too regular basis. It definitely turned a race into a pathetic show. Having just one tire supplier eventually leads to inferior crap, tires that exist just to hold the car up and provide advertising space for the tire manufacturer.