A quick Google will get you the full track list
Mugello (Grand Prix & Short)
Laguna Seca
Maple Valley (Raceway & Short)
New York
Nurburgring (Nordschleife)
Road Atlanta (Grand Prix & Short)
Sebring (International, Short & Club)
Silverstone (Grand Prix, International & National)
Sunset Peninsula (Infield, Infield Short & Nissan Speedway)
Suzuka (Grand Prix, East & West)
Tsukuba (Circuit & Short)
and 9 variations of the Test Track.
Some of those options are also available in Reverse too.
But no F1 cars, they're all production/performance/prototypes. It does have my lovely 69 Camaro in there, but no Viper RT10 (stupid SRT10 of course, bleh).
Well impressed with the game so far, although the upgrade system isn't as detailed or complex as I'd hoped (I was hoping for something more akin to Motor City Online's Auction House). Obviously the sim part isn't LFS, but I think it's about as close as a console title is ever likely to see