Today is the last day of the Electronic Entertainment Expo (E3) in Los Angeles and this year’s event, like all others, showcased a massive amount of great games both in development and in release version. For those car junkies of us at Sub5zero, we try to closely follow those games that are racing inspired and bring you the latest and greatest. Today, we offer you news that Sony is releasing Gran Turismo PSP for the new PSP Go platform as its flagship title and confirmation that Gran Turismo 5 for the PS3 is in the works.

Gran Turismo (which is Italian for Gran Tourer) is one of the most successful franchises for the Playstation platform and has been going strong since its first release in 1997. As Forza Motorsport is to XBOX, Gran Turismo is to Playstation. This game has unbelievably slick game play and even set the Guiness Record for “largest number of cars in a racing game.”

Gran Turismo PSP will feature 800+ cars and 35 tracks in a full-on racing simulator. And here’s the kicker— this version will feature 60 fps game play for ulta-smooth graphics. You can race up to four friends (or enemies) and even swap rides. The new Playstation Portable (PSP) GO will be released on October 1st, 2009 and Gran Turismo PSP will be available at that time. Unfortunately, we don’t know much about the PS3 version of Gran Turismo 5, neither specs nor release date, but check out the official E3 trailer below.

Source: EpicBattleAxe.com