Well, a few things.
First off, I like it. Alot. But it's more or less a regular racing video though, nothing out of the ordinary. Good presentation of the drivers in the field, at the beginning. It's not a movie filled with special effects which I like. A movie isn't about special effects, but I guess it's each to his own.
I'm also going to say what someone (BigTime I think, or however his nickname is spelled) pointed out in one of my LFS-vids. The custom cameras. There's alot of on-board cameras and also more or less a flying cam infront of the cars with some jerky movements. Increased view smoothing might fix that. There are some over-use of those cameras, and even though I like them and use that kind of camera work myself alot it doesn't seem appreciated by the crowd. More static cameras showing more action is what most people would like to see, or at least that's my perception of it all.
The yellow text you used to explain/tell what's going on was a bit annoying. I don't think that many in the audience is willing to read text about what's going on, they want to see it in the vid also.
As for the music.. haha, I love it. It's one of the better songs from the good ol' Red Alert, although it doesn't really fit a racing movie. Hearing a bunch of military guys scream and march in the background somehow doesn't seem to fit a movie dedicated to racing.
Overall it's a good vid, and as I said, I like it.