Red Bull Air Race - The Game will be a PC-exclusive release, and it's (very broadly) scheduled to come out some time in 2016. On first impressions, it looks like it's using the same engine as Project CARS, with beautiful reflections and crisp models, and hopefully also with the previous game's excellent sound design.
Don't know what the Red Bull Air Race is? It's like Formula 1 but in biplanes:
Created in 2003, officially the World Championship of air racing since 2005, the Red Bull Air Race is followed by millions of fans worldwide. The fastest motorsport series in the world features 14 of the best race pilots in a pure motor-sport competition that combines speed, precision and skill. Using the fastest, most agile and lightweight racing planes, pilots navigate a low-level aerial track made up of air-filled pylons 25 meters high. New since 2014 is the Challenger Cup, a competition which enables talented pilots to work towards acquiring entry into the Master Class of the Red Bull Air Race World Championship.