F1 China 2012: Watch Live Stream Online of Chinese Grand Prix From Shanghai; Preview, Qualifying Results, Prediction

When and where: The Chinese Formula One Grand Prix From Shanghai gets underway at 3 a.m. ET. Live coverage will be provided by Speed. You can follow live timing and statistics on Formula1.com. For those in the United Kingdom, a live stream will be available on SkyGo.

Preview: After showing impressive one-lap pace in Australia and Malaysia, Mercedes were the toast of Shanghai on Saturday as they secured the front row for Sunday's race.

Nico Rosberg recorded his first ever pole position, with an incredible time half a second ahead of the rest of the field.

It's a very special day for me because this is my first pole in Formula One, and the first for a Silver Arrow since 1955, Rosberg said, according to Formula1.com.

Rosberg's nearest challenger on the time sheets was Lewis Hamilton, however, the McLaren driver will start down in seventh after being penalized five grid spots for changing gearbox. That demotion allowed third-fastest Michael Schumacher to move up and complete a dream day for Mercedes.

The best day for the Ross Brawn-led team since they reentered the sport in 2010 comes following much debate over their F-duct rear wing. The system was deemed legal by FIA stewards following a protest from Lotus earlier this week over whether it was driver activated.

Yet, despite the positivity surrounding Mercedes, there will also likely be a great deal of apprehension as they approach tomorrow's race.

Good performances in practice and in qualifying in 2012 have been undermined greatly by poor showings in both races as a result of the car being heavy on tire degradation. The correcting of that issue will likely be the key factor in whether a Mercedes will be taking the checkered flag on Sunday.

There's certainly a question mark over whether we can keep our positions from qualifying, Schumacher said, according to BBC Sport, but we'll try our best.

While Rosberg grabbed all the headlines for his superb pole, there was also a magnificent performance by Sauber's Kamui Kobayashi that will see the Japanese driver start from third.

At the other end of the scale, double world champion Sebastian Vettel failed to even progress into Q3 for the first time since 2009. Choosing to use an older specification car than Mark Webber, Vettel finished behind his team mate for the third time in a row to begin 2012 and will start in 11th.

We weren't fast enough and we have to accept it, Vettel said, according to formula1.com. We start from P11 tomorrow and see what we can do from there.

Another former world champion, Kimi Raikkonen, had a better day in his Lotus and will start fifth. Jenson Button, winner in Australia, will be in sixth spot, followed by Webber and then Hamilton.

Current championship leader Fernando Alonso again struggled in his Ferrari and will begin in ninth spot on the gird.

Prediction: Despite their stunning form in qualifying, the Mercedes is still arguably underdog for the race given their issues with tire degradation. While the McLaren's start some way back, it would not be a surprise if Button and Hamilton were fighting it out for victory come the race's conclusion. And Button could well be celebrating his second victory of the year.