I have no doubt that 2017 cars will be the best looking cars since the early 00s, but I doubt it will improve overtaking much. Wider cars + still over reliant on upper body downforce = same old problems following another car.
I might be playing devil's advocate here, but are there any major drawbacks to returning to ground effects? Just leave a vestigial front and rear wing, make the car rely on venturi tunnels and give it massive tyres like in the 80s. Huge amounts of mechanical grip + downforce that doesn't get disturbed following another car = pretty much a 900 HP gokart. I know ground effects were originally banned because it can be unsafe when drivers suddenly lose all their grip over bumps, but most tracks these days are smooth as ice and there are acres of run off if something bad happens. The only problem would be city tracks, since they are quite bumpy and there's not much run off, but average speed is likely low enough not to cause problems.
My 2 cents.