Exploratory
Banned
75th post nails it.
Wipeout HD
Motorstorm Pacific Rift
WatDemon's Souls.
But Mass Effect trilogy, Fallout 3 and Red Dead Redemption are in the top 5 list.
An early one:
I know it's not the best racing game of the last 7 years, but it came out at the right time... During a dead period in the spring/summer when the 360 was out. Test Drive had made some shitty games since Test Drive 3 on PSX, but this was an interesting concept... a connected world, leaderboards, and a huge open world to explore. I also thought the graphics were incredible when it came out.
I put more time into this racing game than any other in the last gen. I bought Forza and played that, too, but lost interest. TDU held me over till the fall that year.. 2006.
Forza Horizon.
Motorstorm Pacific Rift
Forza Motorsport 4. The best relationship between convincing physics and understand of the needs of the joypad gamer until FM5 came along. You can have the best physics in the world but if you can't translate that to good joypad feel it's all a waste. Thankfully Team10 can nail this.
I saw some mention of Pacific Rift earlier in the thread - I actually JUST bought a copy of that a few weeks ago - I need to check it out.
There was no F-Zero last gen so I didn't play racing games.