"Next Car Game" is designed to "go back to what was great about the original FlatOut and make it even better." However, publishers were apparently disinterested in a destruction derby racing game, "so we decided to ago ahead and see if we could get by without one."
Currently in pre-alpha state, BugBear plans on releasing an "early access" version of the game for $25. This release will be limited to the first 10,000 pre-orders. Then, as development progresses, an updated build will be made available for all customers.
Looking even further ahead, BugBear is "thinking about next-gen consoles," but points out that current-gen and "other PC formats" (such as OS X and Linux) remain a possibility. Ultimately, it depends on "what the players want." Here, take a look at the game: