The Wipeout franchise is regarded as an influential series for the PlayStation brand. It just about defines what made the PlayStation brand cool back in the day. After the epic Wipeout HD and Fury on PS3 Studio Liverpool got shutdown and now there are several developers from that team, as well as Rockstar and Team 17, who formed R8 Games. They are working on a futuristic racer called ‘Formula Fusion’.
This footage is a VERY early concept of the build, but will give you an idea of what to expect. Good news is that it’s hit Steam Greenlight and will see the light of day in the not-too-distant future on PC: