Peer Schneieder of IGN called the Xbox version "a barely enhanced but still enjoyable Formula One racing experience". Ralph Edwards noted in the PS2 review that Formula One games were a "hard sell in the United States" but praised Electronic Arts commitment to appeal to Formula One enthusiasts. GameSpot nominated the game as one of its nominees for Driving Game of the Year for 2001. Olivier Panis tested the game at the 2001 Japanese Grand Prix and commented that the game was close to real life Formula One Racing. In May 2012, the game along with the rest of the EA F1 series was rated the 4th greatest Formula One gaming series by readers of the website "RaceFans" winning 8% of the vote.