Silverstone's owners, the British Racing Drivers Club, escaped the wrath of Bernie Ecclestone for once this year - but after almost losing one of its treasures, does it still deserve to be on the calendar?
Silverstone 'lost' the race when Donington presented Ecclestone with a proposal for state-of-the-art facilities that promised to bring the level of British Grand Prix up towards that of affluent newcomers Singapore and Abu Dhabi. But when that stillborn project failed to get off the ground, the long-standing regular host stepped back in to ensure the race still went ahead.
With new countries lining up to put increasing pressure on the Formula One calendar, though, many observers believed the whole episode was a play from Ecclestone to push Silverstone into making the changes that he has been pressuring for over many years, to bring it 'up to standard' with the new five-star venues.
The circuit itself underwent some radical changes to make it fit for MotoGP regulations, and the challenge for the designers was to retain its interest for four wheels as well as two.
There have been many layout changes to the track in the past, each time bringing concerns that its traditional fast flow will be taken away - and this time initial comments were mixed. Slippery and bumpy, especially the now fast right-hander at Abbey, were the main complaints in practice - but those can be ironed out for 2011, and overall it seems the important flow of the track has been maintained.
"It's not that slow, and most importantly it doesn't kill the rhythm," said Red Bull driver Sebastian Vettel after his first outing. Team-mate Mark Webber, more emphatically, added: "They got it right. I don't know who chalked up this track but whoever did got the angles right to make it difficult."
The big question about the track improvements, however, was whether they would encourage overtaking - and that was answered on Sunday when the race delivered plenty of passing moves at Village, the new arena and Brooklands.
That and the excitement generated by the 'Great British' team at McLaren, with the company's sponsors doing all they could to milk the opportunity, ensured the track's traditional grandstands were packed full and the atmosphere was buzzing, and Hamilton said: "It's probably the best weekend I've seen them put together. What were they thinking about when they thought about taking this grand prix away?"
But that's the thing. There was never the thought that Silverstone is not a great showpiece for the British fans, nor that it was a bad or boring track. It's the facilities that Ecclestone has always focused on, the ability to provide the premium opportunities for VIP sponsors, and Silverstone is still lacking that.
As a stop-gap, after a little pressure from Ecclestone, team trucks were banned from parking behind the garages in a bid to smarten the place up a bit - but it is next year, when the new pits will be built and the full hospitality opportunities around the circuit will be maximised, that Silverstone must really deliver.
Sadly, that could mean fans will ultimately miss out on possibly one of the best views in Formula One.
This year, on a dusty patch of grass next to the Maggots grandstand, if you had access to the central part of the circuit, you could stand at a point where the cars would come flying over your left shoulder into the fast jinking kinks of Maggots, Becketts and Chapel, then, a short while later, they would head straight for you as they went through the new arena complex.
With an all-round view, you didn't know where to look - but that makes it prime real estate... and if the BRDC has any sense, a spectacular 360-degree balconied restaurant a la Monaco should pop up there for VIP guests. With a helipad on top. And like it or not, that could be the real race winner for Silverstone...