The new system will reportedly involve four 15 minute sessions, with cars required to set a time in each.
The shoot-out won in both the online and television vote and it now looks likely to be implemented next year.
David Coulthard, however, has already voiced his disagreement with it.
"I don’t agree with that," he said. "I’m surprised Jordan and Minardi are agreeing to it – they’ll be the first ones out and will get no TV coverage."
The new system will inevitably mean less coverage for the slower teams therefore less sponsorship money, but the move has been made as part of an overall revamp of the sport to attempt to make it more interesting for the fans after part of a recent survey by the FIA showed that 70 per cent of fans wanted a return to multi-lap qualifying.
Nothing has been confirmed by the FIA yet, however it is expected the new system will take effect as of Australia 2006.
