This year is shaping up to be a phenomenal time for fans of racing video games. Not only is Forza 5->ke3733 going strong, but we have rumors of a new Gran Turismo->ke3689 floating around, there is the upcoming Grid Autosport and we even get a new Mario Kart this year. Beyond all these games, there is one new title that has me drooling more than any other, Project CARS.

If you have yet to hear of this game, then crawl out from under your freaking rock and listen up! Project CARS is being developed by Slightly Mad Studios, the crazy team that was responsible for bringing us games like Need For Speed:->ke3700 Shift and Shift 2: Unleashed. This new game is one of the largest and most ambitious racing games ever created. Not only in terms of track and car number, but in terms of visual quality and simulation accuracy. Think of it as a mix of Gran Turismo's massive quantity of cars and tracks mixed with Forza's painstaking attention to detail.

With every new screenshot and video that arrives the game looks better and bigger and I get even more excited. If you don't believe me about the quality, hit the jump and check out this astonishing new trailer. It features open wheel racers, track-day toys, GT3 cars and more, all tearing it up around tracks and city streets the world over from the Nurburgring to London.

Look for this new game to hit PC, Xbox One, PS4 and WiiU later this year.

Slightly Mad Studios is a game development company based in London that specializes in racing games. They are currently working on two games, a racing sim called Project CARS and a an open-world MMO racer called World of Speed.

Some of their previous games include Need for Speed: Shift, Shift 2: Unleashed and Test Drive: Ferrari Racing Legends.

There is no set release date for Project CARS but the company is constantly releasing info and photos on the Project Cars Website.