Hopefully the console version will be a worth while option.
I hope so too and at this point I think it will be.
I did little reading on the console versions yesterday and from what I can tell they will not be as robust as the PC version.
Main reasons are the following...
1. Probably locked to 16 cars on track. We're used to this anyway so no big deal to me.
2. Locked to 30 FPS. Some guys are saying this will be a game killer but I don't agree. As long as it's a smooth 30 (no tearing, drops, etc.) I think it will be fine.
3. The PC version is getting a better tire model. They say the console tire model will still be as "sim" as the consoles will allow.
4. Graphics will have to be "dumbed down" a little. I think it's still going to look good though.