Have you guys bumped your heads? Dated compared to what? Forza?
Have you seen Forzas Nurburgring? Its as wide as a 4 lane highway for gods sake! Forza just still looks too cartoonist to me.
Lets see, what else is there.
Shift 2 Unleashed- Slightly Mad Studios/EA have nothing on PD. This is the 17th installment of the NFS franchise. Though they talk about physics, its too arcadey.
F1 2011- Codemasters tried... Fun game, but frame rates notoriously drop to 15FPS. You can't see the braking zones until your all up in them. Read the forum here about all the issues.
iracing- The best Sim out there I feel. Graphics not as good as GT5 premium.
Dirt 3- Codemasters did a phenomenal job in capturing rally sport. Gameplay was short, and still doesn't compare to GT.
In conclusion I ask what is it we are comparing? You titled it "looking like", so with graphics you can't argue with GT Premium cars. As far as "fresh", GT5 has been the most supported racing game in history. All these seasonals and updates, big or small has been free! It doesn't get much more fresh than that.
Good day gentlemen.