OK, just one word: WOW. I had been disappointed with some of the release titles so far so this weekend I downloaded the Gran Turismo HD demo, Motorstorm and Formula One Championship Edition. Also rented NFS:Carbon. Carbon looks great, drives OK, but got old for me real quick. Entertaining, but not entirely fun.
I've always been disappointed with racing video games, but I have to say GT HD is very impressive. It still lacks a little in terms of connecting you to the car and having more realistic levels of handling, but overall it is a gorgeous looking game with some impressive physics. Still not enough like a real driving experience, but it at least does a good job. The cars look spectacular and the selection of cars is great for just a demo - Evo IX, R34 Skyline, Lotus Elise, Ferrari 599 Fiorano, and modified versions of all of the cars (about 24 in all?) The limitation? Only one course, but at least you can run it in both directions.
F1 - Holy crap, now this game is worth the price of admission. I was floored by this game. Graphics are not at the same level as GT, but still very, very good, and the overall game feel (same controls as GT) is excellent. There is a STEEP learning curve with GT IMO (you learn how the game works, not what the real cars can do). With F1, you can just pick it up and start playing competitively right away. The sensation of speed is more realistic, as is the view from the cockpit. With all the settings it is a much more enjoyable game. My daughter was able to pick it up and complete a race the very first time, and she enjoyed it. The sound is amazing too. What a blast!!
My real surprise was Motorstorm - the first game I saw for the PS3 in person. It actually helped me decide to buy one... On the surface, the game is your basic drive a 4wd (or motorcycle) in the desert and force your way to the front, but it turns out to be a lot more fun than I expected. The physics are amazing and feel very accurate, controls are easy to learn and while it is very fast paced, it ends up being very fun. The graphics are the best part on this one - the fist time I've seen the example of what "thousands" of parts vs hundreds means on the PS3. When you crash, damage looks realistic and when you crash BIG (and you will) parts fly everywhere. Not as much fun as F1, but still a solid game with high fun factor. I think I picked the wrong launch titles when I picked up the PS3... It is the typical race-boost-crash type game, but a very fun variation in my book.
I should also mention that the ability to download these demos has been a HUGE plus with the PS3 for me. GT HD, F1 and Motorstorm demos were all FREE, and give you a good chance to get a feel for the game before you buy.
Now Sheep, go get a PS3!!