I liked everything I seen so far.
The idea is absurd on the surface but when you look at the details, it actually has a great director choice for this type of movie, a story that appeals to the general audience as well as racing/GT fans and there is already a blue print for modern racing movies with films like Ford vs Ferrari and Rush.
It's all about finding the smart way to explore the IP in a different media, look at the recent DnD movie as an example of that, not everything needs to be trying to win an Oscar or be the biggest blockbuster of the year.