I bought the game soon after it's release, the canned oversteer and recovery physics are dire. As are some of the leaderboard times (on xbox 360) but it's enjoyable, I enjoy it because it's a contract based game, you race a season and get offers from other teams, most of the game is a good mirror on what the sport is in reality, but in actuallity in the pitlane it doesn't give you ENOUGH information, on gear settings, or weather reports. It's all a bit vague.
Try this, when you get the tail out and you find you are no longer able to recover it, just stamp on the brakes and it brings the front of teh car around, it's quite retarded. The penaltys are stupid too, you can just bomb out of the pitlane with no warning, also, you get hit from behind and you get a penalty, you can avoid some penalties entirely example, singapore you can follow the outside run off area and miss out the trigger for a penalty warning. The crash physics are shit too, you have to go flat out into a wall to rip off a wheel, also, on tracks like Monaco, the advertising canvas that drapes over the armcos actually sticks out and will destroy your car if you get anywhere near it. Infact on Monaco, the damage physics seem to have increased sensitivity just for that one track.