N4G.com posted some interested tidbits from a German PC Magazine.....
magazine - Quick translation:
• The length of the roads will be 930 km and the offroad tracks will be 310 km. The island's size will be 381 km².
• There will definitely be a story, however, there are no details known yet.
• You can earn points in free ride mode by performing difficult manuevers (e.g. drifting) or by driving at high speed.
• Offroad: it will be possible to discover car wrecks. Discovering car wrecks will unlock exclusive vehicles at the car.
• There will be optical damage only. The damage will have no affect on the vehicle's performance or handling.
• Release is planned for the third quarter of 2010.
http://www.n4g.com/ps3/News-499523.aspx