Hopefully that really means October 2014, you can never be too cautious with Sony racing games track records... and here is the brand new trailer:

As someone coming from racing games like Pole Position, what we are doing nowadays with the racing genre is just astonishing. This game if done correctly and with Sony's VR headset could shift my gears (sorry) to buy a PS4. However, I am also tailgating (so sorry, can't stop myself) Project C.A.R.S. on Wii U. Either way, what a wonderful time to play video games for us virtual gear-heads. Roll on, e3!