The chassis/engine design rules will be the same as proper F1; the refueling ban has been mentioned by FOTA teams as a good thing; "KERS is evil".
IF a second F1/GP championship were to come about, they need to find a key difference to the race format because it is too late in the day for them to find a technical difference.
At such a late stage, they would also need to find a TV friendly format for an unproven concept (that means adverts)
My suggestion, to meet those aims:
Friday is free practice (maybe put some "rookie driver" claus in to this)
On Saturday & Sunday have the same formant:
10:00-10:30 Qualify
13:00-14:00 1 hour race no refueling or tyre changes
I do not advocate this as a good idea just trying to think of how to make the best of a bad lot
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