This exists so that the WPF1's open tasks are separate from the talk page template, which allows them to be used in other contexts and with other styles, such as on Wikipedia:Wikiportal/Formula One.
It should be used thus:
<ul style="font-size:95%; padding:0; margin:0;">
{{Wikipedia:WikiProject Formula One/Task template}}</ul>
The style on the <ul> tags may be modified however you like. — Dan | Talk 19:04, 16 August 2005 (UTC)