Ferrari have always tried to cheatr their way to victory, remember Niki Lauda's comments about the penalty Hamlton was given at Spa 2008. I did always wonder why they appointed Toadt at the FIA, and it always seems suspicious. All tht cheating he did with Schumacher, and now he's back to do it all again
There are a few rival series out there I think. A1Gp was supposed to challenge F1, but the drivers there are shocking, the racing is boring, and barely anyone has heard of it. Champcar is the USA alternative, but i don't know if thats like GP2 or F3. The drivers there also aren't very good (Bourdais). So if Ferrari make their own series (probably Formula Ferrari, something along the lines) it'll just turn out to be a feeder series to the proper F1. Theres no way that they could have enough money to fund it, even with all the road cars they've sold, and the amount of money they have cheated