Don't know if it's been posted
 

On toyeast they have some F1 bullet clones. I think the bodies need some work but it's an okay start for a formula racer.

http://www.toyeast.com/productimage/AC3377c.jpg

http://www.toyeast.com/subcatlist2.asp?catid=1061

Nice attempt but if the nose isnt Gettin Low Like a pimp than t really isnt F-1.

Step in the right direction though. Didnt TOMY release new Bits that were Euro style ( i.e. Nose low to the ground)? If so whats the hold up here....? If the Awesome R/C's can at least function at their size then...uh oh...awesome r/c f-1 mod idea.......

Couldn't agree with ya more. I've wanted an F1 forever but never really got around to making one, I was hoping some company would beat me to it, and do it right. I guess do it your self is still the way to go.
I don't think tomy has any plans for f1 cars but they do have the supercars, ie lambo and ferrari out. I'm still waiting on mine.:(