While official confirmation of the outcome of Tuesday's F1 Strategy Group and F1 Commission meetings in Geneva has yet to be released, initial indications are that the meetings were positive, and that progress is being made.
According to initial murmurings, 2017 bodywork proposals have been finalised, while the teams are said to have reached an agreement on both power unit supply and cockpit protection, although the details of said agreements are still under wraps.
Ahead of the meetings much of the paddock chatter focussed on proposed changes to the race weekend set-up, with Red Bull team principal Christian Horner opposing throwing the baby out with the bathwater.
"I think you have to respect the history of the sport," said Horner. "Snooker has still got one table and six pockets, but they're playing short frames now and making it more exciting that way.
"Football has still got 22 players and two goals. OK, the ball changes slightly and maybe the size of the goals changes now and again, but fundamentally the basics are the same, and I think it's important that we keep the DNA of grand prix racing the same.
"Personally, perhaps I am a bit old fashioned in this but I think qualifying should be about man and machine over a single lap, who is the quickest, and I think that's what we currently see in F1.
"A grand prix should have the prestige and be the duration that it is. Can we make what happens in a grand prix more exciting by tweaking a few things? Then yes I think we can, but doing that artificially I don't think is the right thing to do."
Horner's wishes appear to have been granted, with rumours circulating of a shake-up of the current elimination-style qualifying. There has as yet been no mention of Bernie Ecclestone's proposals regarding reverse grids, and it is not currently thought that the revised qualifying will see shuffled Sundays.
More details are expected to be released tomorrow, and with them official confirmation of what is currently largely paddock chatter.
Even without confirmation of the details, however, the news that the perenially in-fighting teams have managed to reach agreement on a number of the key issues currently facing the sport needs to be seen as a positive step for Formula One.
It is to be hoped that Ecclestone's Monday comments rubbishing F1 from top to bottom were in fact the trigger of a brave new era in which the sport's stakeholders start to approach discussions with a view to long-term benefit over short-term self-interest, irrespective of the sides of the political, wealth, and power divides on which they sit.