We can bitch about sound all we want but the sport just wasn't competitive last year and shows no sign of normalizing this year. Even when Red Bull won 4 championships in a row, the field of competition was much tighter.
For 2010-2013, Red Bull won 9, 12, 7, and 13 races respectively.
For 2014, Mercedes won 16 races, and for the three that MB lost, only one team/driver combo (Red Bull, Riccardio) was able to get close.
Flat out it's a bad sport ATM.