Both the series and the studio kinda lost their way eventually, but for a while there, Bugbear's FlatOut — which combined ugly racing with brutal damage — was the most interesting thing in racing games. So it's nice to see them returning to their roots.
With what, exactly, I have no idea. This is just a teaser trailer, but it's got shitty old cars in it, and they're crashing into each other like nobody's business. So if it's not a FlatOut reboot, it must be pretty close.