The Italian team suffered their worst start to a season this year - in terms of finishing position - but a quick turnaround has seen them make dramatic improvements, with Kimi Raikkonen narrowly missing out on pole position before taking third on the podium in Monaco as his team-mate Felipe Massa followed him home in fourth.
Their Monaco form came thanks to the uniquely slow harbour-side track, which neutralised some of the aerodynamic advantage of the teams that have been leading the way so far this year.
However Ferrari are now confident that they are moving in the right direction and another influx of important developments for the next race in Turkey could keep them at the sharp end as the championship makes a return to a more speed-focused circuit.
But are they right to have such confidence?
Their pace at Monaco certainly showed good signs with Massa setting the fastest lap of the race on a 1:15.154, just faster than Button who was second fastest, while Raikkonen set the fifth-quickest race lap-time, and they showed good consistent pace in the middle stint.
Impressive, but that was on a slower circuit than normal.
At the preceding race however, on the much faster circuit in Spain, Massa was able to set the third-fastest lap-time in the race — slower only than the two Brawns, the fastest of which was only three-tenths ahead.
That can certainly give some encouragement, although the speed trap in Spain showed Ferrari lacking slightly on top speed as Massa was 2km/h slower than the leading Brawn - but it was vice versa in Monaco and that could either be down to a less-powerful engine or less-efficient aerodynamics.
There is no doubt, however, that Brawn was still ahead overall in Monaco and Red Bull will be back to their best in Turkey as they finally get the chance to see what their new double diffuser can do when the car is free to fly.
Massa has admitted his team needs some more downforce to provide more grip on the higher speed circuits, because with more grip it gives him and Raikkonen more opportunity to take care of the tyres in what is becoming a very tyre-influenced battle for victory in every race this year.
Massa is a master of the Turkish track and if Ferrari's factory team produces something special in the aerodynamics department they could be make another step forward - but without that step they should drop back to chasing the lower points behind the season's regular front-runners again this weekend.
DATE PUBLISHED ON: 3 JUNE 2009