With a little over a week to go until the new season kicks off in Bahrain, here at Bleacher Report, we're guiding you through the challengers for the 2010 season.
Last season Jenson Button stormed to wins in six of the first seven races, but this season looks to be much more closely contested. With four teams looking like they could win races from the start, this looks to be one of the tightest seasons in recent years.
After a disappointing season last year, McLaren can only get better. So far they have established themselves as one of the teams to beat. Michael Schumacher has identified them along with Ferrari as the strongest team.
With two World Champions, a Mercedes engine and a great team surrounding them, McLaren will almost certainly be in the championship hunt.
After winning both titles last season as Brawn GP, Mercedes will be expecting results this year. Add the genius of Ross Brawn to that of seven time World Champions Michael Schumacher and you have an awesome combination.
That coupled with the strongest engine on the grid and it should be a foregone conclusion, but Mercedes have struggled for pace in preseason testing. However, a new diffuser and new front wing for the first race should help them substantially.
Red Bull had their best season ever last year, finishing second in the driver's and constructor's championship. This season, they are hoping to go one better, and given the pace of their new challenger, they might well achieve this. They have been consistently quick during testing and will hope to start the new season with the kind of advantage they enjoyed at the end of the last campaign.
In 2009, Ferrari endured their worst campaign for 16 years, managing to only score a single win and also losing one of their drivers to a serious injury. The Tifosi will be hoping that the arrival of Fernando Alonso and the return of Felipe Massa can steady their ship. Their preseason testing pace has been incredibly encouraging, with many tipping them to claim both titles.
It's all change at Williams this season with two new drivers and a new engine. The experience of Rubens Barrichello will hopefully have a positive effect, whilst great things are expected of GP2 star Nico Hulkenburg. The loss of the underpowered Toyota engine shouldn't cause them any headaches.
Hopefully Cosworth can provide a powerful and reliable engine for Williams, unlike the last time they were partners. Preseason pace is decent and they may have a chance of mixing it with the big boys.
Renault have fallen from grace ever since Fernando Alonso's initial departure at the end of 2006, and it looks increasingly unlikely that this season will be their renaissance. Their driver lineup is promising, mixing the proven talent of Robert Kubica and the raw pace of GP2 star Vitaly Petrov.
However, their engine is lacking power and Kubica has admitted that they are suffering handling problems.
Last season's surprise package was undoubtedly Force India. The small outfit from Silverstone had a great end to the season, partly thanks to the excellent Mercedes engine, and partly down to some excellent development of the car.
Their new car is arguably looking even better, with McLaren pair Button and Hamilton naming them as the best of the rest so far.
2010 marks the end of Toro Rosso's dependence on the parent Red bull team. Their new challenger, the STR5, has been developed independently of the red Bull team. many believed that this would spell doom for the small team from Feanza, but testing has shown this not to be the case.
Their pace hasn't been exceptional, but they certainly haven't been propping up the time sheets, like they used to when they were Minardi, like many had feared.
The Lotus brand will return to formula one for the first time since 1994 with Jarno Trulli and Heikki Kovalainen piloting the T127. Lotus have done a fantastic job in such a small space of time, only gaining confirmation of their entry last November. Testing has shown them to have a reliable, if somewhat slow car.
Struggling Campos have recently been named HRT F1 Team (Hispania Racing F1 Team) after José Ramón Carabante acquired the team. One of the few things that has been confirmed is that Bruno Senna will be one of their drivers. Colin Kolles is now at the helm and hasn't been shy about describing what state the team was in when he arrived.
Hopefully he can turn the situation around and get the team to Bahrain. However, with no testing and a barely finished car, it is likely that HRT will be dead last.
After BMW pulled out of Formula One at the end of last year, it has taken a great deal of effort from Peter Sauber to keep the team alive. With the loss of manufacturer support, a bare looking car and decent preseason pace, their story seems to echo that of brawn last season.
However, both drivers have been keen to play down the comparisons. There has been a lot of talk about talented rookie Kamui Kobayashi, who could produce some surprise results this season.
The investment of Virgin to what was formerly Manor GP has given them a firm footing on the start of their Formula One adventure. They have proved to be the fastest of the newcomers, but appear to have an incredibly fragile car. This has been blamed on hydraulics problems, which they have assured us will be rectified by Bahrain.