This game is not nearly as bad as everyone says. The handling takes some getting used to, the commentary is best when it's turned off and the game is best played with a 360-pad along with the knowledge that the P-key brings up the in-game menu which you can use to exit or restart races.
The game has several modes, including a career mode, championship and a challenge mode. The championship is a pre-determined series of increasingly difficult races, the challenge mode tasks you with performing various timed trials such as wheelies. The most interesting mode however is the career mode, which has you competing in a variety of race types while working your way through several license classes.
You get to create your own racer for this mode and you earn new bikes by completing races. These new bikes allow you to enter even more races and once you've completed all of them, you move into the next class - the goal being to eventually win The Race Queen - the girl from the intro.
The races can be as simple getting to first place within two laps, to a multi-stage endurance race where your performance carry over between stages, meaning your bike or even your character can become beat up over time. You can enter the pit stop to allow either your character or your bike to recover. You also gain nitro by racing well. Staying on the road gives you a slow but steady build of nitro that you can use when you need a boost, driving outside the road will drain the meter quickly, and performing stunts such as wheelies will make it rise dramatically.
The visuals for this game are quite old-fashioned but they did employ the RenderWare engine for the game and it does a good job of maintaining a smooth frame-rate with no pop-ups to be seen anywhere. The stages are pretty varied too, with plenty of locales like arenas, deserts, tropical, mountain- and country-side tracks - and in some of them you can literally see for miles into the background.
If you like classic arcade racers (especially those made by Sega and Namco) and don't mind old-school graphics, taking chances with low budget titles and dealing with an initially harsh learning curve - then this game might be for you.