Unfortunate race for the Mercedes team, and as much as a fan i am of Lewis, Valtteri and the team, it's good that the result spices up the championship for F1 fans in general.
I didn't watch the actual race myself (or highlights), though i did watch along on a live timing stream on YT.
As much as i love the perceived atmosphere of the Monaco F1 race weekend, (fondest memories of F1 at Monaco for me, are from watching the late 70's/early 80's races, as a kid), it's really not much of an entertaining race.
I do like the suggestions here, to turn it into a TT shoot out, but i also think we could have a proper race there, if we had the teams race in a one make specially designed, Monaco spec race kart. Maybe get Gordan Murray or Dallara to design it, then have the teams add their liveries to them.
I don't know how fast the karts would be, but i think they should have wings, but with fairly limited adjustability to them, (3 notch adjustment range). Same goes for the wheel geometry as well (3 setting adjustments, allowing for over steer, under steer and neutral).
We could have Thursdays set aside for qualifying (as usual), but using the proper F1 cars instead, and lets have it as a TT. This then decides the grid order of the first kart race on the Sunday. I think because of the small fuel tanks, we should have 3-4, fifteen to twenty lap races. And have a reverse grid for at least one of those.
Anyway, i know it's a gimmicky idea, but that hasn't stopped me from doing a little sketch of what these funny little karts could look like.
(please excuse the half assed attempt, both on the design and the livery examples):