It's an enjoyable mod and the Richard Wilks Tyre Model (tm) gives this mod a very good feel.
However, lots of things need improvement. Namely mip-mapping of textures, as I'm playing on Medium settings and the textures on lots of cars just look warped and ... bad. Next, why does the BRM have a Ford V8? The model clearly shows a BRM V12 (which it had in 1975) but the physics and sounds indicate a Ford DFV, so there's that. Then, the FFB feels a little weird, but it's not a game-breaking issue. So yes, IMO there's good potential in this mod, but it needs a lot of improvement.