Codemasters have released the first ever developer video diary of their upcoming F1 2011 title, showing us first moving footage of the new version in action.

The video diary includes plenty of gameplay footage, interviews with lead designer Stephen Hood and race driver Anthony Davidson as well as an interesting peek behind the scenes, showing the developers at work.

Interestingly, the video features a custom Formula One wheel used with a Logitech G27 base. This will most likely soon be switched to Fanatec’s new Formula One wheel as Codemasters seem to be involved with that product.

F1 2011 will be released for the PC, Xbox 360 and Playstation 3 on September 23, right in time for the final races of the real life 2011 Formula One World Championship season. The new title will come with improved graphics & handling, new features such as safety car and multiplayer splitscreen as well as a much more extensive career mode.