Talking about coming along famously:
It's been officially called
Motorstorm: Pacific Rift. Looking at a November release, I think. Evolution Studios showed a demo of it at the Sony Gamers Day in the UK today - the game, at the moment, is pre-alpha, and I think around 40% complete, yet it's already looking amazing (albeit minus a few textures, explosions, and general polishing)!
Stream - Gamersyde
*drools*