Rear drums are a hellluva lot cheaper to put on cars, I'm not too sure why though. I think it might be because they are easier to assemble.
But going back to the main idea, pushrod's are actually a newer concept than overhead valves. But, pushrod engines do have distinct advantages. (Along with those listed above), they are smaller and their weight isn't based so high up on the engine. Take a look at a small block chevy 350 next to a Ford DOHC 4.6L V8, there's a significant size difference.
Older technology is necessarily worse. A live axle is much better for quarter mile runs than IRS. Eg, look at Supras. Sure the IRS is nice, but considering how much power they make, their times should be a helluva lot better at the track.
F1 engines are just a result of the restrictions placed upon them by the sanctioning body. Essentially, they are trying to slow the cars down by forcing them to have smaller displacements. But the engineers have figured that a short stroke V10 is the best way of making power given the rules, so you get 800+hp and 250lb-ft of torque.
A friend will help you move
A real friend will help you move bodies.