Bought this for my 8 year old son for Xmas 2010 and it's been a permanent fixture on his bedroom floor ever since. Very easy to set up and connect the track pieces together, much easier than I remember from my own childhood. The transformer is a tiny little thing that sits on the side of the track, and nothing like the old blue dustbin you used to have to find room for!
The inlcuded Lamborghini Gallardo and Nissan 350Z cars have magnets in the base, which makes it a little easier to stay on the track (although purists would insist that the only way to race is magnet-free) but if you're really brave and/or skillfull they can be removed easily. The main bodies of the cars are robust enough, but the minor details like spoilers and wing mirrors are pretty fragile and go the distance fairly quickly. Our Lambo has no spoiler and one wing-mirror, despite several visits to "Dad's Superglue Garage". Still runs like a good 'un though.
As mentioned in the title, if you get the speed right these cars will step out at the back and do a nice little drift round the bends. This is easiest on the corner that has barriers, as that stops you going too far. Get your timing really good and you can drift both cars on that corner, with the one in the outside lane scraping the barrier and the car on the inside pushed up against its opponent!
The ramp set is a bit of a let down. Not so much a graceful flight for each car, just a bit of a 'clippety-clop' as the cars go round the track. We tend to leave it off and get maximum speed down the straights.
So if you've got kids over the age of five (younger and they seem to lack the finesse to control the speed) and want a nostalgic trip back to your own childhood, grab one of these tracks. It's got everything you'll remember but it's much easier to build and race.