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There is a lot to looked forward to this season with three new teams on the grid as the fourth one failed to get ready on time.
There has also been some interesting driver movements with champion Jenson Button making the move to McLaren and former champion Fernando Alonso moving to Ferrari.
The Canadian Grand prix will be back on the calendar after missing out in 2009. The South Korean grand prix has also been added to the calendar which brings another new circuit.
Also like has happened over the last few years, there has been some rule changes regarding refueling and there will be a new points system.
The changes could make the season more interesting and I think the teams who will adapt quicker will be at an advantage.
Last season Ferrari didn't look good and showed glimpses of the team that had challenged for the title the season beforein very few races. The season was made worse by the injury suffered by Felipe Massa.
I expect Ferrari to be more competitive this season now that their driver lineup consists of Massa and Alonso.
McLaren signed up champion Button and so in their stable they will have both drivers who have won the championship before. They will be the only team with that privilege and so a lot will be expected from them.
I think McLaren finished the year strongly and if they can pick up the new season from there then they should surely win either the drivers' championship or constructors title.
I think a lot will also depend on the relationship between Hamilton and Button and if it doesn't become like the Hamilton/Alonso team then they will have their best foot forward.
Brawn GP who won the driver's title were bought by Mercedes and the team has been renamed Mercedes GP.
In their ranks they will have former champion Michael Schumacher and I am interested to see how Michael will go.
If Michael still has got his old magic then Mercedes could be one of the strongest contenders. I have no doubt that they will have one of the fastest cars on the grid and the team has some real potential.
Nothing has changed at Red Bull from last season to this season in terms of their drivers. Red Bull finished strongly last season and Sebastian Vettel challenged Button for the title and so I expect Red Bull to be one of the most competitive teams on the grid this season.
Its hard to tell with Williams but now they will have Rubens Barrichello and Nico Hulkenberg as their drivers. Barrichello will bring in lots of experience to the team and whilst they will challenge from race to race I cannot see them challenging over the course of 19 races.
Robert Kubica and Vitaly Petrov will lineup for Renault this season and just like Williams I think Renault will be here and there.
Toro Rosso, BMW Sauber and Force India are the only other old teams left and it would be good for these teams to score some points but it will not surprising to see them finish the season without a single point.
Turning to the new teams, its very hard to know what to expect from these new teams until after a few races.
So far I think Virgin Racing and Lotus look impressive but whether that translates to getting points here and there I don't know.
Hispania Racing will have a line up of drivers without any F1 experience in Karun Chandhok and Bruno Senna and I think they will be playing catch-up for most of the season.
I cannot wait for the new season to start and I hope there will be lots of interesting races throughout the year.