Codemasters, makers of the popular Formula 1 racing consol games have release a FREE online Formula 1 game today. Link

From the site:

Featuring all the stars, cars and circuits of the 2011 FIA Formula One Championship, experience a whole new world of Formula One through your web browser.

Take on opponents and climb the leader boards in accessable online multiplayer races.  Jump into time trials and Championships for a quick Formula One fix.

Make the calls to drive success on track by becoming Boss of your very own team.  Design a livery, chose car upgrades and build your own headquarters to lead your team to championship glory.

Check out the game and let us know what you think -Link