Codies are apparently working on another F1 game (as distinct from the standard full-priced simulatoryish racing game offering) which will be a free-to-play thingum snappily entitled F1 Online. It is powered by that lovely Unity engine, and as such will appear in a browser, allowing you to manage a Formula One team but do some fancy (what appears to be top-down Micro-Machines style) racing against other online petrolnerds. F1 will, of course, play host to the names (and maybe even the wealthy faces) of the actual drivers, as well as having up to date teams and circuits from this season.
Interested? Well, you can't play it yet, but you can sign up for news over here. It's due early next year.