The demo is up on PSN. That should be able to answer your technical questions.
As for me, I'm unimpressed with what I've played of the demo. I'm a huge F1 fan, but I still don't think Codemasters has gotten it quite right. Pumping these out every year isn't doing the series any favors. It's perfectly serviceable, but I'd rather play GT5. Too many bugs in F1. Too bare bones. And apparently you can't play through the seasons as particular drivers. You have to make one up. Ugh. Must have been a licensing issue or something.
DL'd the demo last night and played for a while. Seems pretty similar to the 2010 effort. Think I vastly prefer GT's approach to licences over the young driver test format. No 3D support either, not a deal breaker, but definitely a nice to have. Thanks for the info CM.
Sony XBR75x940D, Denon X3300W, Axiom EP80-500, Klipsh R12SW, PS4 Pro, Xbox One S, PS3, Wii U