First race was great, however Mercedes is once again going to be so dominant this year it won't be fun to watch most of the season. Ferrari have shot themselves in the foot with their engine, so the only competitor to Mercedes is Red Bull... and they are quite a bit slower and didn't score any points in the first race. The only man who could make this interesting is Bottas. Or Verstappen maybe, but only if Red Bull gets closer.
Man, I do remember the Ferrari days with Schumacher when the FIA did everything in their power to stop the dominance: A new qualifying format, a new points system which made first place so much less valuable that Schumacher - with seven wins - almost lost the championship to Räikkönen - who won once - in 2003 and of course the infamous tire rule change in 2005 which basically guaranteed that Bridgestone teams stood no chance against Michelin. Mercedes, however has been and is being helped tremendously by stable rules and token systems.