Its obviously a work in progress but I think it looks great. A lot more polished in the handling and physics department than the previous game Imo.
Their Mk2 escort could do with more a more power if its based on Phil Collins car... but otherwise it looks very promising.
Its a long video but the incar gameplay from 24:25 onwards looks really good, now imagine it with VR and looking out the side window.. :)
https://youtu.be/rhFkE2hApVE