www.gpro.net/
Basically, it's a browser based game where you manage a single F1 racecar. You're in control of the driver contract and training, hiring staff and upgrading facilities, sponsors, car maintenance and testing, car setup, tyre selection, pit strategy and general instructions for the driver and possibly more.
Races are every friday and tuesday, which you can follow "live", meaning it updates every two minutes to show the next lap.
The game is currently halfway through the season, but you can join while it's still going, plus in the rookie leagues everyone's bank account and other stuff resets so you can learn the ropes without too much worry.
You need to use your real name in the game, but on the upside the whole thing has been translated to Pirate. Rejoice!
Since the old thread from 2009 found itself, and I quote:
I decided to make a new one now that my interest in it renewed.Ljas said:Sinking like a stone in a sea of threads..