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I'm sorry, but the American V8 cars are the most disappointing of all the cars in gt5.
Here's a good example. GT5 Corvette GT2 ("RM"). Pay close attention to when the view flips to "replay camera" at about 1:41.
www.youtube.com/watch?v=wMow_Nlmfsg
The first thing I hear is some really, really bad phasing. Phasing happens when you play the same sound twice, and one is slightly delayed compared to the other, which gives a comb filtering effect that sounds "swirly" or "wooshy" in an unnatural way. I noticed it the worst at 1:47 but it's all over the place in external camera. Phasing is also the cause of the sound that's a bit like a jet whipping by at ~2:39.
Second, ask yourself how aggressive that feels, compared to the sounds of like the tires. Part of it is a mix/balance issue, sure, but right at 1:53 for example, the car slides, the tires squeal a bit, and then the engine comes on full-power, but it's quieter than the tires just were.
Here's a good reference for the real car. Check out the shot starting at :32.
www.youtube.com/watch?v=bor-tA9ir04
To my ear, I hear that the real car has a lot more "tone" - more bassy mids and no where near the amount of airy high-frequency sounds the GT clip does. The shifts are vastly more dramatic in the real car, too. you can hear the direct sound of the car for a lot longer distance-wise than in the GT5 clip as well.
And then... on-board. The kind of microphones you get with "on-board" clips are less-than-desirable, so let's listen to a handful of clips.
Gopro on the driver's helmet (skip to 5:00):
www.youtube.com/watch?v=Kf0hSVL6y9A
Unknown driver-mounted camera (the saturation in this clip sounds really good):
www.youtube.com/watch?v=jR-YG1D6VVg
Lemans on-board:
www.youtube.com/watch?v=evmIoocgthg
Those three clips all sound rather different so it's amazing to think they're all the same car (differences in year notwithstanding). Which one is the most accurate? That's a silly question, they're all the exact car. Which one is the most exciting? To me I'd vote #2.