I cannot help that this is of such low-res/quality, it isn't my own scan.
I found it here: http://www.flickr.com/photos/65846913@N02/sets/72157627349694847/detail/
It's from Electronic Gaming Monthly issue 54
So this is what the rumored F-1 game for PC-FX looked like.
https://www.pcengine-fx.com/PC-FX/html/pc-fx_world_-_facts___rumors.html
I found it here: http://www.flickr.com/photos/65846913@N02/sets/72157627349694847/detail/
It's from Electronic Gaming Monthly issue 54
So this is what the rumored F-1 game for PC-FX looked like.
https://www.pcengine-fx.com/PC-FX/html/pc-fx_world_-_facts___rumors.html
QuoteRacingI don't know if the picture of the racing game is meant to be real-time, like the part of that 'Super Star Soldier 3D' that was real-time flat-shaded polygons, or what.
NEC HE
Looks like this title might have been a victim of NEC's strict guidelines for what games could be made for the FX. NEC didn't want certain games to be made for the FX, and though NEC HE started development on this racer that was supposed to be based on F1 Circus from the PC-Engine, it was scrapped almost as quickly as it begun. Very unfortunate.