The license is currently up for review. Last time round Sony managed to pick it up for what now seems like a bargain price. Bernie is asking for more but Sony doesn't appear to be willing to pay the price, so someone else coudl snap it up.
Anyway, all I will say is, FORGET the official F1 games made by Sony (and some by EA) in the past few years. If you are a true F1 fan, you need to get either Geoff Crammond's GP4 or F1 Challenge 99-02 on PC (neither are available for any console as far as I remember). Even though they are dated, most fans, including myself consider these to be the best. Whatever the next F1 game is, it's likely to be **** anway, designed to be played by 8 year olds.
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