Key word here is loved
I used to play it at a friends house a long time ago.
2 player mode too!
Time trials, race against the computer, those were the days.
It was especially exhilarating to see Indy cars fly into barrels in excess of 200 MPH @ Monte Carlo.
But there was this Brazil track with a long straightaway and I liked racing that one too.
I do have a PS2 now BTW.