This game has a great atmosphere which makes it a classic. Basically, if you like boobs, you will like this game. That being said, there are some flaws to this game. First flaw is that there is no AI in multiplayer games. This creates a very empty 2player experience, but still geniune 2player fun can be had with this game.
The game offers a wide variety of car-types to choose from, and the single player campaign has a great atmosphere. However, half-way through the story it feels like the game-developers ran out of steam and just rushed the end of the story. For example, some later cutscenes are barely animated, and just still-photographs. And the ending is empty and anti-climatic.
After you beat the game there are some challenges to keep you busy. But I want to comment on the physics of this game. It seems like this game wanted to have a psychological gimmick where you psychologically get other opponents to crash or spin out. But it seems like they ran out of time and never made the physics to where it would be that advanced. The physics are very arcade, there is no reverse button since the game turns you around automatically. It is hard to crash, and when you do crash, there is no damage to the car.