I get the feeling that the FIA is only just waking up to the dire mess it has presided over, culminating in this season's shenanigans in F1, but rooted much deeper.
As I mentioned a few posts back, F1 very nearly broke away in 2009 and it was only due to Bernie's "largesse" (bribing Ferrari and others to stay with buckets of cash) that stopped it.
I don't think lack of money or talent would be an issue for F1, but I do think the one difficulty they would have in breaking away is how to set up a plausibly independent rules administrator.