For Ferrari and McLaren, the task for the rest of the season is relatively straightforward - stop the trailblazing Red Bull team and hope to score enough points to claw their way back into championship contention.
Realistically, it is going to be tough for teams to catch up to Red Bull and overtake the current constructor's championship leaders, but Red Bull have shown that it is possible to take a team from the middle of the grid and move forward to dominate the championship.
With an excellent support team, a couple of talented drivers in Sebastian Vettel and Mark Webber as well as a fantastic development program, Red Bull technical chief Adrian Newey deserves most of the credit for the team's meteoric rise up the sport.
Admittedly, Red Bull have a big budget, but the team have spent it really well, which is an inspiration to privateers everywhere. F1 teams like Toyota in the past have spent enormous amounts of money with no success, which proves that being a manufacturer is no guarantee for race wins.
In Vettel, Newey and Red Bull possess a young and hungry driver who has lifted driving standards to a higher level since the beginning of the year and has looked odds-on favourite to claim a second consecutive world championship.
The German's biggest luxury is the supporting cast behind him - Jenson Button, Fernando Alonso, and Webber - are sharing a mix of points and nobody else seems to be able to dominate and take 25 points every weekend.
As a driver, Vettel is on the list of greats already. Whether he will join the elite is another matter altogether though I personally think he will be there to be honest. From the outside, you can see that hunger to prove that he wants to be better tomorrow than he was today, and that will be bad news for his rivals.
With the Italian Grand Prix at Monza looming this weekend, Red Bull would want to stay consistent and not take too many risks in order to maintain their formidable championship lead. At this stage of the season, winning is not everything.
Hence, I think the end of the season will look very different because Red Bull, with a more conservative strategy, won't win as many races as they did at the start of 2011. The key here is Red Bull's reliability, which has proven to be the best in the pit lane, and that fact is amazing for a car of that performance level.
Following six wins in their past 11 visits to the Autodromo di Monza, history would point to a Ferrari victory at their home turf, and I think this weekend would be no different. Ferrari always lift themselves for their home Grand Prix, and all their development would be focused solely on Monza due to its importance, which will be to their advantage in this Sunday's race.
Ferrari and McLaren's sheer horsepower dominated Monza's long straights last year, but Red Bull, with an all-round car that has won on all kinds of tracks this season, always have a chance. I also see Mercedes, who did extremely well in Spa a fortnight ago, coming on nicely as well.
Alonso will be well placed to repeat his 2010 victory, and I think he will finish just ahead of Vettel and Button. However, that result will only delay the inevitable, as it is not a matter of if but when Vettel will reclaim his crown.
Catch former Jordan Grand Prix chief designer and technical director Gary Anderson providing unrivalled expertise and commentary during the live race on STAR Sports and ESPN HD.