Microsoft confirmed Forza Motorsport 3 during their E3 2009 keynote speech by driving a brand new Audi on stage and showing off impressive CGI trailers and a few minutes of in-game footage.
The game is touted as being able to run at 60 frames per second and will have over 400 cars from 50 manufacturers.
The game will be set to ship worldwide in October 2009, exclusively on XBOX 360.