Yesterday I purchased
Dirt for X-Box 360. It's a rally racing game that is REALLY good, in my opinion. The graphics are great. The damage to your car and the resulting effects on performace are great. The sound effects are great. In summary: it's great, in my opinion.
There are several different types of races to choose from (rally, rallycross, hill-climbs, etc.). I haven't tried all of them yet, but the ones I've tried have been really fun.
This game will probably eat up a lot of the free time I use to post here at TFP. So if you notice that I'm missing, I'll probably be sitting on the couch playing this game.