Scalextrix (or whatever) are good and all.. but they're pretty slow in comparison to some of the other things out there. I like the bigger ones (1/24th scale) which have aluminum chassis and lexan bodies. I used to race those when I was 10-12 years old. Won two championships
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(even beat the older guys, too.... heh heh)
They went like stink, although the tracks were pretty much all along the same lines. Also, they aren't exactly a take-home-toy. Very few people have the space and the money for their own track, so you have to find a spot near you that has a track.
Link
That particular track only seems to have four lanes, but the place I raced at was an eight lane track.
Lots of fun
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