From racing-live.com :

F1 teams would be unable to modify their engine designs for three years from 2008, according to Max Mosley's latest radical proposal. In his compulsive drive to cut costs for smaller teams, the FIA President says manufacturers should have to submit a fixed V8 specification to the governing body so that it could monitor and penalise any design tweaks between 2008-2010. The move could then precede Mosley's next step - a fuel consumption formula for 2011. Mosley said the beauty of an engine freeze, and the associated cost savings, is that nothing will change for the man in the grandstand. Although some quarters of the specialised media claim that Renault's interest in the idea is 'new information' - and therefore has political implications - the concept of a three year freeze first surfaced in January 2005 -- in a letter from the French carmaker to the FIA boss. « The technical and sporting regulations should be frozen for a minimum of three years, » the team proposed more than a year ago. « Stability of regulations will reduce costs. »

Are they out of their f***ing minds ? No way !

They are gong to amputate every possibility of development, killing exactly what makes F1 what it is ! If this is what they want to do then they should go to another series