So, here is a short list of current arcade Racers that I can think of. I like Driver: San Fransisco and if anyone can help point me to a game with similar physics, that would be sweet :-)
Test Drive Unlimited
Project Gotham Racing
Blur
Split/Second
Need for Speed: Hot Pursuit
Dirt 3
Midnight Club: Los Angelas
Burnout Paradise
Ridge Racer
Grid
Test Drive Unlimited
Project Gotham Racing
Blur
Split/Second
Need for Speed: Hot Pursuit
Dirt 3
Midnight Club: Los Angelas
Burnout Paradise
Ridge Racer
Grid