(disclaimer to keep this post clearly within the AUP rules: I'm speculating here, all reasoning comes from all the things I read in various places and from all I heard inside the community of veteran FC and SCC players)
Okay ... first, I think SYSTEM3 is trying nothing more than to extract more milk from an old cow, and my best guess is that they had a license to produce a second "Ferrari" game until the end of 2010. Since they didn't do their job (producing a new game, paying a developer to create it) they picked an old game (Ferrari Challenge), rebadged it, included in it all they had so far (DLC packs and the Italia) and released it AGAIN with a different name, a budget price and as a PSN title.
I don't think this pleased eutechnyx, as original FC devs, because meanwhile they moved on to a bigger and to greater challenges and therefore don't appreciate seeing their name associated to a 2010 release of a game they developed YEARS ago (on a very tight budget), and it is obvious that eutechnyx tried to dissociate themselves from all of this. Check this post:
http://forums.eutechnyx.com/threads/3065-Ferrari-The-Race-Experience
That said, IF this "new" game is FC, I'd say that it is by no means a BAD game. IN any case, SCC is much better than FC and it is a game that can also be bought nowadays for a very nice low price. It also has ALL FC had, plus a lot more (and a few epic non-Ferrari cars, like the Vette C6R as an example).
Now, dismissing these games, and eutechnyx, as rubbish, is ... rubbish!
In case of doubt about the quality of the eutechnyx "previous generation" games, here's a clip from SCC online, featuring a epic battle at Monza between two Le Mans classic Ferraris (512M model). No bad game could provide such a battle, at Monza, in the rain, online, without lag ... in a PS3 private lobby.
(another disclaimer: not my clip, but I do show up in it, driving that beautiful white prototype
)
[YOUTUBEHD]ER3QSkXD1Lk[/YOUTUBEHD]