While we've long known Codemasters have been working on a new Formula 1 game - and also that it would be serious - the company have today come out and made some official announcements.
Seems there is not one, but two F1 games currently in development. The first will be out this year, and will be for the PSP and Wii. The second will be out 360, PS3 & PC and, presumably because the bigger machines need longer development cycles, won't be on shelves until 2010.
Both games are of course officially licensed, meaning they'll feature real cars, real drivers and real tracks, while the 360, PS3 and PC version will be built on the Grid engine. Still no word on those Nazi sex dungeon minigames, though.