The Forza 2 demo is out and the demo was definitely worth the wait. The game has excellent Force Feedback support, GREAT Car modeling and some of the best handling of any game in the genre. The graphics are good, not the best of the 360 but the Framerate of solid at 60 FPS.
The backgrounds leave more to be desired and but as I mentioned, Car details are excellent the tracks themselves are sharp looking with nice textures (especially the payment).