Underrated? Yes!
There could be some more events and a ton more countries represented but these are definitely not downfalls of this title. The graphics are pretty good and most of the animations are also done well. All of the events are hard enough to make the game fun but beatable. I hope that there will be games like this one for next gen consoles!
Now that this game has been out for quite a while, people should definitely start checking for used versions for sell at their nearest video game store or in the bargain bin. I reccomend it for anyone that loves competition; even if you dislike button-mashing.