Summary: After playing this I was really surprised at all the negative reviews. Although this is the only F1 game I've played, I'v been a fan of racing games all the way from Project Gotham to the Forza series, and even many of the codemasters games such as Dirt and Grid. I was wary considering this wasn't developed by codemasters, but I was dying for some speed so I went ahead and bought it.
Summary: I was a pretty big fan of F1 2011 for the 360 and thought I would pick it up for the Vita. POSITIVES: The graphics are pretty decent for the Vita. The textures of the road and tires, weather effects, and reflections off the cars are all pretty impressive for a handheld. F1 has a total of 27 real world tracks, all are pretty comparable to their console counterparts. The most impressive aspect of the game for me was the tight controls.
Summary: Having played the ps3 version i had high hopes for this game; unfortunately, it didn't live up to it's console siblings graphics or gameplay. the driving dynamics seem to change moment to moment and the graphics turned out to be more psp quality than vita. If you want an exacting racing game, go for the console version, you wont be disappointed.