Here's a nice editorial at Canoe that sums up how I feel about the U.S. Grand Prix exactly.

Had they REALLY cared for the fans, they would have found a way. Had they REALLY cared for the fans, there would have been 20 cars on the track. Had they REALLY cared, the future of Formula One racing in America would not be in doubt.

Basically, I don't blame Ferrari for not wanting to bend the rules to allow the Michelin cars to compete. But the fact that some compromise could not be reached inflicted a mortal wound into the sport. Ferrari apparently refused to go along with some proposed changes, while the FIA vetoed the other ones.

“Just drive slower” was the only possible solution the FIA would accept. I think that letting them switch to safer tires would have been the ideal solution for everyone.