Ferrari: the Race Experience, waiting for Gran Turismo 5, is a good racing game based on realistic phisic and simulative gameplay; thanks to all the glamor that only Ferrari can give with its cars, and the budget price, the graphic problems can be easly overcome. So, for a PS3 fan of racing games in abstinence, it's highly suggested.
While Ferrari generally stands for great cars, it unfortunately does not stand for great games. Racing Legends suffers from repetitive gameplay, weak AI and surrealistic car behavior. Racegames have been done so much better before, don't bother buying this one.
The latest game in the Ferrari franchise has been a huge let down due to some licensing problems. The graphics are simply bad and it feels like developer System 3 had to rush this game to get it in stores before the holidays.