Everytime I see new footage of this game it looks Better and better.

Full Pr statement.
Project CARS is the most authentic, beautiful, intense, and technically-advanced racing game on the planet.

Crowd-funded by a passionate community that has been involved in the development process throughout to create their ultimate racing experience, Project CARS allows you to create a driver, pick from a huge variety of motorsports, and shift into high gear to chase a number of Historic Goals and ultimate recognition in the Hall Of Fame. Then test your skills online either in competitive fully-loaded race weekends, leaderboard-based time challenges, or continually-updated community events – sometimes for real-world prizes.

Featuring the largest track roster of any recent racing game with a ground-breaking dynamic time of day & weather system, world-class graphics and handling, deep tuning & pit stop functionality, and support for Oculus Rift and Project Morpheus, Project CARS leaves the competition behind in the dust.
Trailer 1
http://youtu.be/fFK96m24vko
Trailer 2
http://youtu.be/56eyYWVVfrA
This was originally a kickstarter project but now will now available on Ps4,Xbone,Wii u and Pc.Will be available November 2014.