I mentioned this game previously in this thread, but I really think a game like Racing Lagoon probably could have been a hot game today. Someone witty enough and talented enough could possibly make a fairly decent "CarPG." The game was made by (then) Squaresoft. Squaresoft would then create the mediocre "Driving Emotion Type S." If you're going to make an RPG, best do it with a company that knows the genre like the back of its hand, right? I can imagine maybe a modern "CarPG" made by even an indie developer. It doesn't have to be illegal street racing. It doesn't have to be touge. It can be an RPG with the familiar theme of going from an amateur to a racing world champion. While I don't like storylines to racing games, a cleverly-told storyline can make for an outstanding RPG racing/driving game.
If you need a little video insight on Racing Lagoon, I've provided this video for you all. Enjoy:
You're welcome, world.