Mercedes: Car is quick and reliable. However not 100% reliable just yet. Rumors the car is over-wight.
McLaren: Car is also quick and reliable. Big updates due in Australia. Not sure if Button/Magnussen is a World Champion paring.
Ferrari: Car is reliable but speed is unknown. Car looks a handful at the moment. Rumors the car is very thirsty.
Williams: Car is quick in Massa's hands, looking reliable. Team have easily improved from 2013.
Force India: Car is quick and has more or less good reliability. Nose looks woeful, nice paint job. Good driver line up.
Sauber: Car and reliability medioka. Not a great driver line up. Wont set the world alight. Similar to 2013.
Marussia: Car looks reliable, much quicker than Caterham. If reliable could reach midfield and the points.
Torro Rosso: Car looks good when it works. Nose is terrible. Promising line up. most likely occasional Q3 and small point hauls.
Caterham: Poor engine, poor nose, poor reliability, poor pace. Line up slightly better than Sauber. Team going backwards. But they are changing their nose to the 'Tusk'. (The Lotus nose).
Lotus: Car isn't reliable. Weeks behind. Nose looks nice. Pace is unknown due to poor reliability.
Red Bull: Car looks nice. Reliability is woeful. Pace is unknown. Major overheating issues. Will bounce back. Were to focused on 2013. Similar to 2009 and 2013 McLaren.