There's potential in this but it would benefit alot from a bit additional content like additional race tracks. Right now it is very short and there is very little replayability. Add additional tracks and a simple tournament mode and this could be real fun for some time :)
I do like the presentation, especially because you get a certain sense of speed while still keeping an overview.
I would like some indication on what buttons to use, as I instinctively wanted to press start using space or enter and it ended up being x, which I wouldn't have guessed in ages.
Also, AI starts the race early, that's kind of unfair :P
Please keep working on this and flesh it out more, I like where you are going :)