Last race (German Grand Prix) was one of the best of the season (at least if you are a fan of McLaren). Few years back this competition became very boring, but now it's interesting and competitive again. Hamilton is a great driver, though a little wild at times, while Kimi Raikkonen is as solid as they get, but Kubica, Masa and Nick Heidfeld are the guys who make things really interesting. Any of them can win any race and even some weaker teams are finding way to be somewhat competitive.
It's not Hakinen vs. Schumacher but it's the best season since that rivalry ended.