Sorry Jet, for the late response. I haven't really gotten a chance to play much. The game is pretty fun (I'm not into the whole F1 thing, like you are, but I do like playing it). The graphics don't look to be the best on my tv (only 720p). But, if you do get a ps3, get an HDMI cable to go with it. It comes with a wimpy little composite setup (yes, just like the ps2 uses), and makes everything look really bad. The HDMI helped a TON! Already watched a couple blu-rays, but they still don't look like they should on my tv, again, only 720p. These computer monitors will support the 1080p, and should make it look that much better.
The games I currently have are: Call of Duty 3, Full Auto 2, F1 Championship, and Resistance fall of man. All of those are keepers for me. I don't dislike any of them. I'm actually stuck to full auto right now. Reminds me of Twisted Metal.