"I would like to see it with updated graphics though"
There was a game called Re-Volt released some time around 1999 that might scratch the itch. It's basically Micro Machines crossed with Stunt Car Racer; the "plot" is that the remote controlled cars in a department store come alive at night and drive around the store. The physics model is interesting in that the cars have been modelled to have very little weight, so the feeling is of driving an RC car. Comes with a track designer, too.