Davwe, normally your opinions and assertions are spot on, but you're a little out on the above.
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Have you ever seen body roll on an F1 car?
In short, i've never
seen body roll, but that doesn't mean you wouldn't
feel it - I suppose what we're trying to describe isn't actually body roll. It's more like simply the sensation of lateral forces building up when cornering - you do get a better sensation of that, and also the general weight transfer through the car. Body roll is probably the wrong term, to be honest.
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Also who said that F1C models the ability to downchange too early? You know the electronics in an F1 car wont allow that right?
You've got a point there also, but bear in mind not all teams can necessarily afford such systems, nor are they all likely to care. Mika Hakkinen changed down into first gear too soon at Monza in '99, remember. As an aside, i'm pretty sure you can actually edit the point at which the game will allow you to change down, from within the car's physics file. It's one of a few odd options, including the ability to have front or four-wheel drive, which is a bit out of place in an F1 game