I kinda of agree with you that some of the rules have made things a bit worse for F1 but most of them do actually have good reason for.
Forinstance, the underside fan that Bernie himself had on his cars when he had a team was baned, bot to make things boring, but because it made such a huge difference in corner speeds that firstly no one could compete (which does making it boring) and it was hugely unsafe.
The speeds they were going for that period of racing was stupid, if something went wrong people would have died.
in a sense thats what most of the rules are for, safty and fairness, at the moment anyone can have there own design of car many of the other motorsports have much tighter than F1 with what can be used, an example would be that in some motor sports they all have the same engines. In F1 we dont. The point isnt about crashing an overtaking, yes its quite spectacular but thats not the reason we watch it, F1 has some of the biggest fastest most advanced racing cars on the planet with some of the best drivers as well.
But have they gone a bit far with the rules? yes i would say they have, an example would be that this season a simple nudge is no longer seen as a racing incident, its now stop go penelty, in my opinion that trend will stop drivings trying to overtake, of course the flip side is that the racing director doesnt want people to crash at 180MPH so i can see their point i just dont agree with it.
Football has the same issues, yeah the rules dont change but their interpretation does, any sport does, you either like it or you dont, i cant stand football, i admire Motorbike racing but i dont like it.
each to their own