Its an impressive rendition of a city and while its no Burnout on the PSP the iPhone is quick becoming a jack of all trades. From Timelapse photography to GeoCaching, Google Earth to Instamapper it is almost an urban geographers version of a swiss army knife. That aside, take a look at the movie below detailing Fastlane Street Racing, especially the rendering of the cityscape:
See http://www.fastlanestreetracing.com for more info and a link to the iTunes store.
Thanks go to Andreas of http://bovens.net/ for sending us the link.