I have to agree with Kenai. I'm getting the hang of it, and am able to finish a race now, but it's just constant tire squeal, and if I try and ease off, I just have no throttle at all.
The game is almost there. The graphics are awesome, and the sounds and cockpit view are all very immersive. The handling has the right aspects, you can't go speeding into corners, and you have to use your weight shifting etc., but it just doesn't seem to all work together. This is most likely down to the controls as has already been said. I guess we'll just have to wait and see what happens.
Also, is anyone getting there 360 pad spazzing out when vibration is enabled? If I try and have it enabled the pad lights up the top left and bottom right lights, and my car smashes into a wall bouncing of the limiter while my view is pointing up and to the right. Works fine if I disable FF.