Ok, just had my first race and here are my quick impressions:
1. Physics, controls, feeling, car setups
The driving feeling reminds me a lot from NKP, it's pretty good and the steering wheel feels somewhat connected to the wheels. But however, I find it very difficult to feel when the car is at its limits of grip. Understeer feels rather odd too. There isn't many controls to set up: steering, brake/gas, clutch, handbrake, gears, look left/right. Car setups seem to be very detailed. There's no sliders, only slots with numbers for you to change at the moment, but there is a whole lot to tweak!
2. Graphics & sounds
Very, very, very early in development and that's an understatement. I'm sure this department will be improved tons in the future so I'm not even going to say anything about them at this point. I had some issues with the sounds tho, first time I was driving I thought "god, these sounds are horrid" but eventually, the sounds got a lot better quality-wise while I was driving, and then they got worse again. I'll have to look in to this and see what's causing these sound quality issues ingame. Once the sounds were all playing, it did sound pretty nice actually.
3. Multiplayer, netcode, final words
I found my first race quite fun, even tho I spun out at like T3 in first lap and two other fellow racers zoomed past me with more experience. :P But yeah, the netcode does feel very solid and lag-free. Can't wait to try full grid racing on this puppy. Needless to say, I have VERY high expectations to this sim. Even now, this is more enjoyable to me than NKP because I can actually race against other living people online!