The release date has been updated to "Out Now" on the FlatOut Website (thanks Frans, indicating the green flag has been waved for BugBear's racing game today, just as promised when the game went gold (story). Here's a bit on the game:

Developed by Bugbear Entertainment, FlatOut is one of the most spectacular Racing games you'll ever see! Experience the drive of your life as you throw yourself around 45 challenging tracks in one of 16 fully upgradeable cars.

The track environment is subject to the all-encompassing physics system that is unique to FlatOut, and is set to define a new standard in racing games. Fences will shatter, tyre walls will explode, water tanks and barrels will fly across the track into other cars. Every time you lose control, you will truly feel the weight of the car as it collides with and destroys a barn, or smashes into the pack of cars ahead of you, and with 40 deformable pieces on every car sparks are guaranteed to fly!

Anything you destroy or alter stays a part of the race, increasing the carnage to unprecedented levels! Broken fences, free rolling tyres, and even mangled parts of cars are left scattered around the track, increasing the mayhem with every lap.