Yeah. A new era of regulations does tend to produce one dramatic winner... and then when racing starts and it becomes apparent that one team is miles ahead, the others then start the long process over several seasons of modifying their cars to match the winning design.

Mercedes have been dominant in the current era, and in the first year they were so far ahead it was ridiculous, no-one else could get close... but in recent years other teams have been fairly close, Ferrari arguably had the quicker car for a while, and currently as the era winds to a close Red Bull definitely have taken the lead (although this is probably due in large part to how this year's tweak affected low rake / high rake designs to different extents).

Just hope 2022 doesn't see one team emerge vastly superior to the others...