It's a mod for NASCAR Racing 2003 Season from Papyrus (Sierra), the same people who make Grand Prix Legends. Physics, sound, graphics, etc are improved over GPL, and the big tires and wings make the cars easier to drive but just as fast.
The mod is free, the game is about $20 at CompUSA, etc.
The screenshot is a rendering from a 3d package but it's the same model and skin used in the game. There is also a Corvette, a Mustang, and a Viper. The Stang and Vette are in the game right now, and the Viper and Ford GT are coming in "2 weeks".
There is a similar mod coming out from Project Wildfire:
http://www.onlineracin.com/pwf/If anybody wants to race, I drive on the Sierra servers (race finder /lobby is built in), and am involved in the following leagues:
http://www.racerscup.com/ssca_transam/ (full time ride, Team SRP)
http://www.worrl.com (I'm running pre-season and practice races only, unless SSCA has an open date)
http://rascar.racesimcentral.com (registered but not running unless other leagues have an open date)