I thought the sound was awful and the graphics far too dark. (This is on a 5.1 setup and calibrated plasma before my setup is blamed).
The handling seemed excellent and generally the graphics are good, a little too shiny and the roads lack texture but on the whole ok.
You're the first person that I've seen say the sound is crap. Imo it's one of the best sounding car games I've played (once you turn the music off)