So I've tested the 97T out a fair amount. Some observations:
-it can race alongside the Formula GT in the lobby, it can race with any car (not restricted like the Ferrari F1s)
-cornering speed is higher than the Formula GT
-straightline speed is slightly slower than the FGT but not much
-tire wear is still really bad, tuning is almost a prerequisite to get soft tires to last, we either have to allow tuning or use sports tires on stock because the wear will be too much
-its wheel spin comes in a tame sort of way...remember the Nissan GTR GT3 car from the GT6 prologue last summer, its like that when stomping on the gas out of corners. Wheel spin is FREQUENT and unstoppable though
-lap times are very close the FGT but the driving experience is 100% better
-It has a great sound
-it has a low to the ground high speed look in cockpit or above
I'm not sure if the F3 car can race with any car, I'm assuming it can so we could have an interesting series with restricted Red Bull juniors and Senna's F3.