This is a super-basic, sim-style racing game, without car modding or painting. It only has a handful of tracks and cars (all touring cars, no 800 bhp monsters here) and it's based on a racing series that no-one outside Italy is likely to have heard of.
So it's rubbish then? No, to be honest, it's actually pretty decent.
The developers obviously did not have a lot of cash (that's an understatement) and so they made the best of what they had and did not try and over-reach themselves like some other dev's do (take the almost-great Race Pro as an example of that). They concentrated their efforts into getting the basics right and it's paid off.
See it as a spiritual successor to the old PS1 ToCA Touring Car games and it becomes a lot more appealing, rather than putting it up against the likes of Forza 3 or other AAA racers.
If you played the last game, then I can tell you that this is quite a bit better. It adds cockpit views (normal, and slightly zoomed in over the wheel), better AI and all-in-all, it's a lot more solid than the original game (that said, it has frozen on me once in about 4 hours of gameplay).
The single player is challenging but short (Stick the difficulty on "Legendary", turn off the driving aids and it will be a challenge for any racing game fan).
The multiplayer seems solid too, except at the moment there is hardly anyone playing. With a bit of luck this will change as the game gets out to all the retailers.
So to round up, it's very basic and would probably be more at home on a an old Xbox rather than the 360. That said, it's still a solid and fun sim-style racer.
Keep your expectations bargain-bin low and you might just enjoy it.