Oh man, on the one hand I think this looks great, but likewise the weapons are big turn off for me. I've got nothing against Kart racers, and indeed Sonic Transformed was one of my favourite games of the last couple of years, but I would have much preferred a 'pure' arcade racer that looked like this. My inner nerd does approve of the car that looks a bit like a Porsche 935 with the Martini Racing logos (aka Jazz from Transformers).
Speaking of Sega inspired racers... Still no sign of a release for the 90's Arcade Racer and we're well into 2016 now. Sigh.