Terrible. Graphics first up, nowhere near as pretty as something like Driveclub plus lots of tearing and anti aliasing effects.
Handling, at no point does the car feel like it's attached to the road with the back end wobbling from side to side as you tap the controller, also takes around 5 seconds to reverse after you inevitably hit yet another tyre wall as you understeer around a corner.
Just not fun, maybe you need a wheel, but with controller, the learning curve starts at the top of mount Everest. First go on the first track with the first car, quickly found myself 2+ minutes behind after 5 laps. Luckily it only cost me £6 so no real harm done.