Looks like the concept is really old, but the technology is brand new. I remember playing racing games like this for the old nintendo, the name of a particular game scapes me for the moment, but it used to be a arcade machine too. You were the blue car on a maze where you had to collect the flags, and there were a sometimes one red car or more who were determined to look for you and crash. Well, this game does not function like that it seems, but after seeing the trailer I was reminded of it somehow.
Great graphics on this one, and another good thing about it, is that is for the Playstation family it seems. I mean it will be exclusively for the PSP and PS3. I wish to play this game when it comes out soon.