The title includes both single-player and multiplayer play across 12 tracks, complete with Wipeout-style power-ups and eight players you can customize with skins (including a free Olympics-themed pack). Some of the gameplay will seem familiar, then. VR is definitely the hook -- it just happens to be one helluva hook that fundamentally changes the experience.

Update: We've updated the article to reflect that the game will be available on the 8th for PC players -- the 13th is when PSVR players join the party.