Yes there is that but after a while the same person winning over and over again gets tedious, i've zoned out of F1 for now as i did during Schumacher's dominance. Hopefully will return in a few years when its mixed up a bit again.
Schumacher was most successful when there was little serious competition. The Ferrari was also more reliable and faster than most of the competition at the time. That's not to say that he wasn't a competent driver, if not the most sportsman like.
The fact that the Ferrari was faster than the Mercedes for much of this year is a tribute to Hamilton's skill in getting those points, - sometimes from way back positions. Vettel's response has been patchy, particularly when under pressure and he is prone to impatient moves which usually lose him positions as in the German race which with the car's better performance, he should have won easily.
There are interesting battles to come, notably Verstappen who has started to mature and will hopefully, consolidate his ranking without driving his car like a poleaxe. Hamilton has matured yet retained his edge by knowing the car and driving it to the limit but not to destruction. His abilities have been compared to Senna by several of those drivers who experienced that competition. Next year should be interesting.