Awesome.
First, and foremost, the graphics. The cars look pretty darn close to their real-life counterparts, especially considering the PlayStation 2's graphics capabilities. The pit crews look good too.
The gameplay is realistic. Most people hate it just because it's too hard. Again, this is a game that's for people who think, not those that just shoot random people on the streets of GTA. The customization in every way is better than the Need for Speed games.
The sounds of cars are awesome, though you need a surround sound system to really enjoy it.
As far as value is concerned, this game will quite literally last you forever. I got it the day it came out, and as of now, on October 28, 2005, I just got fifty percent completion.
So take this ride out for a spin.