I think the Formula E effect we are currently experiencing in Formula 1 is woeful, to say the least. We have cars that are anti-racing, with drivers losing power/speed due to clipping and even stories of the cars getting "lost", such as Valtteri Bottas at Baku and then having either no brakes or sudden energy deployment dumps. Then there's the constant need to introduce street circuit after street circuit. I know Monaco is not a fan favourite, but it is the original. It's pretty unchanged since the 1920s. Since then, no other street circuit has come close to sticking on the calendar for any similar length of time. Dallas, Phoenix, Long Beach and Adelaide are the others that spring to mind, and only Adelaide really became a favourite.
But since 2008 we have had Singapore, Valencia, Baku, Jeddah, Vegas and now Madrid. Only Valencia dropped off the calendar, and at the same time we have lost Hockenheim, Nurburgring, Magny-Cours, Sepang, Imola and Zandvoort. And now we have Spa and Barcelona alternating! Yuck!
And the cars? You mentioned the electronic aids in the 1990s, and I grant you they were a pain. But I can't recall a car between 1990 and 1999 that suffered from "super clipping" or a sudden energy dump. The electronic aids you allude to were soon nipped in the bud too. Everything was abolished in 1994, and traction control was not reintroduced until 2001. So back then, apart from anti-stall and the advent of sequential paddle shift gearboxes, the driver's right foot was the determining factor of whether you took Eau Rouge or 130R flat. Not running out of electrical energy and running on essentially a Formula 3 car's worth of power. It's insulting.