Just like to say first that I tested your setup at the Nurburgring to avoid any track issues with the setup.
The first thing I noticed in this setup for me was that it's way too twitchy. It especially becomes an issue when you reach the last high speed corners on the ring, cause if your just slightly too aggressive you get shot right off the track. I think it's just your steering sensitivity set much too high. At the moment a novice driver probably would find it much to sensitive to drive.
After driving it awhile some more, for some reason I felt it just was a bit disconnected. I mean your recommendations with the transmission is fine and the LSD settings was good also but...when your driving, it doesn't feel like a true race car (well in a game anyways since I've never driven one in real life...my cousin thinks my S12 is but I'm rambling here).
It feels as though the tyres are doing all the work and the chassis and suspension are just there as backup. What I'm trying to say is there isn't enough feedback from the road to driver when driving.
So, is it a race car like setup? No
Can it be? Yes with more tuning
Thanks Brette, I knew I could count on you ever since GT4. I will go back and work on the suspension more. For some reason 7 sensitivity works for me. But I'll go back and work on it. BTW how's the Supra?