REVIVED!
PD finally announced the release date: Dec 14th 2004 here in North America
More pics here:
link
Pics of Nurburgring, Nursnow, new photo mode, tons of new cars, etc.
Movie:
link
Good news: look at those pics!!!, 80+ manufacturers, 650+ cars(model T to present), 31+ tracks, photo mode, realistic pit crew and crowd, manager mode, fuel gauge,
The bad news: no online play and Nitrous(hopefully only on drag mode)
-Matt (making it harder to wait for GT4 since May '03

)