If they can find a way to solve the license problems. If not, then project Ferrrari will never see the light of the day.
10Tacle is bankrupt and has all the licenses of project Ferrari. So as long as there is no take-over purchase of 10Tacle, projet Ferrari will not be released.
Maybe if SHIFT turns out to be a gold mine, SMS can buy the licenses from 10Tacle but this is a big if.
I'm sorry ZANELE but you're wrong. If SMS and EA wants to fool people that don't know any better, than SMS and EA will have serious problems. You said that they want to market it that way, well that's not marketing, that fraud, a rip-off!
About GT series. I don't know what GT5 will be but I do know that all the GT series, up till GT5p are not genuine sims. Sim = simulation = imitate the real live counter part, in game. Well it was possible to switch off ABS in GT4 for cars that even didn't have ABS IRL. The physics engine wasn't really up to SIM standarts.
Now, GT5p has evolved. But it still not a true sim. Last year I was testing something for myself to proof if GT5p is a sim or not.
I took a car, chose Suzuka, switch off the ABS of that car and started driving on the main straight, trying to get as much speed as possible. At the end of the main straight, I slammed the brakes. The front wheels blocked (like it should) and I started steering. To my surprise, I was still able to steer the car with ABS off and blocking the front wheels. Then I watched the replay to make sure and yep, the car was steering with the front wheel blocked. Be honest, if GT series were true sim like you said, than this would not have been possible.