After reading about how hard it was, I wen tand gave it a shot... must say, it was actually really fun, a good challange.
The whole point of this one I feel, is that you need to learn to drive a car handling as the Lotus does in this.
The hardest part i found wasn't it spinning out, but trying not to hit other cars... lol.
The biggest tip from me is, learn what you can get away with... I managed to cut a corner round some solid orange cones in the Hammerhead.
Not saying you need to do this, it was by accident actually, as I breaked too late.
Also, use the fact that the car slides to your advantage... slide into and round the corners, and find out how much side nudging you can get away with.
I jsut use the DS3 controller, using the 2 sticks is all good. I managed a gold after about 20 attempts, then did it again straight after as I wanted to record the vid... though I drove really messy and pushed the cars a lot in that one.