I have to agree, this is my favourite game, of ALL TIME. Sure the graphics aren't the greatest available but they are still pretty good, and the game play is absolutely perfect. I've had this game from pretty close to when it came out, and I have re-installed it at least 8 times, and played it all the way through. I just love it.
After I mastered it, i started thinking it was kind of boring, BUT there are so many secrets and shortcuts to take, and once I mastered all of those I started doing tricks and stuff, like going sideways through really narrow passages and jumps and what not. I think now, after many years, I have finally come to the point where I am not going to find any cool new things in this game, but I will still re-install it in a couple monthes... I love breaking 1000 km/h (only possible on a couple of tracks)
forgot to mention that I am pissed that Racer Revenge is not being made for the PC, it probably won't be nearly as good as the original anyways, although getting credit for bashing opponents sounds cool.