After trying the 1.0.3 patch I have to say this game is incredibly fun for its level of complexity. I've never played Wipeout, so these mechanics seem novel to be, but I love the tight control you get on the speed of the vehicle. It makes turns and overtakes very satisfying.
However, there isn't much to do on the track. Since this game isn't a racing simulator, I think you need to add more interactive track elements akin to other kart games. I also found the colors to be a bit too jarring and the music not fitting the speed of the game. You would probably do better with Egyptian themed trance or synthwave.
Overall great game! Definitely worth a download.