Hmm, I think the first racing game I ever played was a motorcycle game on the Sega Master System, the name's escaping me however. It annoyed me, I don't think I EVER finished a race lol.
I think I'm gonna have to go with either the Gran Tourismo series, Wipeout (because, let's face it: Zone is AWESOME), or HydroThunder.
Gran Tourismo (the first) becuase it had my all time favorite car to race ('95 Mitsubishi GTO Twin Turbo MR).
Otherwise, I just really like the realism as far as the way cars move. Need For Speed bugs me because the vehicles just don't MOVE quite right.
Hm... Full Auto 2 anyone? =D