Chiming in for F-Zero again. Yes, it's very cheesy, but it's a great racing soundtrack.

Bunta in the anime does too...  I felt bad for Takumi when his AE86 got passed on the Akina downhill by Bunta's new 4WD (I forget the make/model) in 4th Stage.

M.O.V.E. for me is love/hate.  They have some songs I really don't like but a lot of ones I do like.  I still think Romancing Train (FFUnlimited) is their best song though it's not Initial D.

the bbest racing game is star wars podracer for the ps2 but i dont think it has a great soundtrack,but burnout 3 had a great soundtrack,i loved we r the lazy generation

for me its

outrun
daytona 2001 USA
crazy taxi

i think F-Zero , Burnout (not the songs , i meant the actual OST) , Jet Moto , but my favorite is this one

http://www.youtube.com/watch?v=kQMlzcbfz0I

F-Zero GX, no discussion.
If you haven't played the game, go and play the track on the fire cilinder (whatever is its name) and we can talk.

im going with Motostorm 2.... tis just really fun.... << of this gen

Ever imma go with MK64

Yea romancing train is a good song. and i think Bunta has a Subaru WRX Sti.  My memory of the series isnt that sharp lol.