Racing is not all about overtaking.
Formula One is about precision, stategy, making passes that stick, and trying to beat the other teams as badly as possible. I find the races highly interesting even if they seem a bit processional from the outside. This year should be even better as they have done away with the fuel burn portion of Q3. It will now be a true shoot out for pole and who can go the absolute fastest with low fuel. Then strategy will come into play afterwards as teams can put in as much fuel as desired. This will spice things up at the front and introduce more overtaking. We may see more one-stop stategies this year perhaps. (assuming the tires would be up to the task)
The one lap guys stand to do very well here if the car is up to task. Trulli, Webber, Massa all come to mind.
I feel that Raikkonen will be winning quite a few poles next season. Alonso and Hamilton should be in the mix as well.
The Nascar crowd gets loads of overtaking but for what, to get passed again three laps later???
EDIT:
Upon reading the rules they must start qualifying with the fuel they will use in the race and no fuel can be added before the start of the race. This stinks. A heavy fuel load will be highly penalized.