Don't take that as a slam against the game, just don't expect anything too spectacular. In the most general of terms, Vanishing Point holds its own against GT2. To be a bit more specific, let's begin with the cars. They are modeled after real cars manufactured by the likes of Lotus, BMW, Ford and Volkswagen. All of them are easily identifiable, and accurate to almost photo-realistic detail.
Bigger cars take up more space, and body lines help to distinguish each car from the pack.
Lighting effects work against the car bodies to further add to the element of realism. The environments these cars race in are varied, with a number of different locales represented. By virtue of the Playstation's limited horsepower, things can get a little blocky. The good news is that you'll usually be too busy racing to take much notice of the poster-board objects lining the track. The best part about the visuals in Vanishing Point is how smooth it runs.