For those who don't know, F1 2012 is coming out in September (18th, maybe?) for PS3, Xbox 360, and PC.
It looks like a smoother version of 2011 with an upgrades safety car and apparently the "Young Drivers" test will factor into the start of your career.
What I'm excited most about, other than driving the Austin track, is dynamic weather allowing for only certain parts of the track to be wet and also allows for puddling in certain areas of tracks based on the elevation of the track surface mapped at each circuit.
I can't wait.