Just fyi: F1 is published by Sony. You're not going to see it on the 360, to my knowledge.
There's been a F1 release for the PS3, it just didn't make a huge splash. Most people thought it was "too technical", and thus didn't appeal to the typical gamer.
F1 is also outrageously expensive and hard to find, even used, because it was only printed in small numbers, I think. Look for "F1 PS3" on Amazon (or whereever), and you'll see what I mean.