OK, video editing aside (there was none) I think there are a few things I can point out.
A few questions first. How much HP are you running in this car? It appears that you're running large amounts. The difts were simple, and very fast. My thoughts are that the car is doing the majority of the controlling, and the driver is simply holding on.
The car pulls out of the drift when it catches traction, instead of when you correct the steering and pull out of it. It also seems that running that much HP hinders when you can start the drift.
The music edited well. The opening sequence with the image and then the in car view of the real life driver was a nice touch. AS well as the choice of track. Monaco isn't one that I've seen too often.
My suggestions are that you look around GTPlanet and review some of the drifting techniques. This will help improve the video editing that you'll progress too.
AO