This has been in the works for a while, but Codemasters have finally announced that their next big racing game will indeed be the official game of the FIA Formula One World Championship. This new game, F1 2010, will be based on the GRID/DIRT2 "EGO" tech. Codies say:
In F1 2010 gamers will take on the full, expanded grid in a variety of game modes including GRAND PRIX, Championship, Time Trial and an extensive, innovative Career mode. F1 2010 will also feature a highly advanced damage model, fully dynamic weather system and extensive competitive multiplayer options.
Which is good, because if they'd said "prolly gonna have cars, pff, dunno. Stop bothering us!" we'd actually be a bit worried. It's going to be released in September.