I'm guessing its just a arcade game, but it does
say it has "realistic physics" and is a "simulation".
--------------------------------------------------------------------------- Do you have what it takes to become a Formula One racing champion? The Williams F1 Team Racer provides the most realistic Formula 1 Get ready, set, GO for the race of a lifetime! Get a real feel for the road with super-realistic driving physics!
Get your start as a Go Kart driver, take first or second place to move
on to F1600. From there conquer the challenges of F3 to earn your
place to compete as a real William's F1 Team driver!
training and racing experience possible. It's a pure racing simulation
that will allow you to follow the career path of your racing heroes
and immerse you in the exhilarating world of Formula 1 racing.
Endorsed by Williams F1 and Ralph Schumacher
Die-cast William's F1 car included in box
Race on 16 international tracks or use the Custom Track Builder to
create your own!
Choose from four genuine vehicles types from Go Karts to F1600, F3s
and F1s!