So I downloaded the early release. After reading about people having poor fps I went and turned all graphics off. Runs at least 100+fps for me. Butter smooth. But also ugly. Early impressions is that the cars are a bit too fast and have too much grip. At least the default car is a bit too fast for car crashing game. Handling seems fine. Reminds me about gta games. Too bad there is no camera controls. I would have liked to move the camera with mouse while driving with wasd.
Only did 3 "races" and got bored though. It seems fine but needs tons more content and fine tuning. But being alpha I'd expect they add a lot of stuff to this.