Just got it over the weekend. It's the perfect GT. A super buff GT3 so to speak.
The graphics have improved yet again and the car selection has also been updated. You can also transfer save files from your old continues.
So far I've just completed the B license tests and 2 beginner events races (the sunday cup and the fr challenge).
My current ride is a 2000 chevy camaro somewhat beefed up so it now has 385hp.
There is no online unfortunately but you can get lan races going.
Jay Leno has a collection in the game.....