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HappySqurriel said:

Grand Turismo 3 was my last installment in the Gran Turismo series because I found it to be very pretty but shallow ... I'm not a fan of simulation racing in general because I find this is a common failing of the genre.

With that said, when you're spending (what has been rumoured to be) over 5 years and $100 Million to develop a game and your competition releases 3 $20 Million games in the same time your game better be dramatically better; and sell dramatically better too. If you spend dramatically longer and dramatically more money to achieve an incremental improvement you have really been wasteful.

Yamauchi himself says that the budget is $60 million.