F1 is now ticking off the days to what well might be a high octane version of Armageddon which could be coming the sport’s way on 12 June.  That’s the day on which FIA president Max Mosley will be announcing just who has been accepted to contest the 2010 world championship.

So who will it be? Ferrari, McLaren, Red Bull, Renault, Toro Rosso, Force India, BMW Sauber, Brawn and Toyota? Or will it be Williams, Prodrive, Lola, Litespeed, Campos or Superfund? Or a thinly diluted mix of both groups?

Well, of course, the conclusion one draws will be based on two firm premises. Namely, whether you choose to believe that the ‘stand off’ between the established teams and the FIA over cost capping is just a set-piece confrontation, a typical slice of F1 window dressing intended simply to strengthen the value of the ‘franchises’ of those long-serving organisations.

Or you may choose to believe that, in a maverick moment, Mosley could just press the nuclear button, tell the sport’s most famous names to take a long walk on a short pier, and reinvent budget F1 with a bunch of novices, newcomers and nonentities. A bit like he did when he was one of the founding fathers of the March team, in fact, way back in 1970.