Thanks for all the input. So far I ordered GTR FIA Racing which seems to be rated highly. I'll see how that goes.
Also came across a preview for a game that is coming out later this year that looks really cool. They actually mapped out the whole island of Oahu, just like the real thing and you can challenge people online to races. Here is the link:
http://www.gamespot.com/pc/driving/testdriveunlimited/news.html?sid=6146102&mode=previews