From Gamespy: "Formula One Championship Edition is more or less guaranteed a huge response in those parts of the world where Formula One racing is bigger, but in the US, this isn't a sure thing. I was happy to see Sony bringing a game that isn't necessarily a mega-smash into the US, and I was equally happy to see that it's actually shaped up to be a good-looking, hardcore racer.
The word "hardcore" is important there. During their preview event, the game's team was careful not to even use the word "arcadey." It is possible to adjust a great many of the game's settings to create a much more approachable experience, but they prefer the term "pick up and play," not arcadey. And after some playtime, I think it's actually an important difference. Even with driving aids on, damage more or less off, and a drive line pulsing on the road in front of me -- in green where I should accelerate, and red for a recommended slowdown -- the game still demanded a great deal more driving finesse than any Burnout or Ridge Racer does. It's an important difference because this is an F1 game. It should be hard. It should force you to be a better driver. And it should have every single team and circuit."