V2 Feb 2010 news:

Skins are being made to fill out the Bombero Mod.
The "Club" cars are being removed.
Vs will be a NASCAR inspired cars only mod.
ETA: June 2010 (just being realistic)

Read Me file:

This is a Mod for the Lotus Elise by Alexi99
aka Alex Rhaan
Version 1.02
(Updated & expanded skins)

We have a Dyno Built Lotus Elise engines
(DesktopDyno5) and matched it with a Toyota C64
6sp gearbox.

This has 3 Classes:
E150, E240 & E260 classes are built to "Lotus Cup Challenge" specs, with 38L fuel cell and 850 Kilo mass, and Toyota C64 gearbox.

LCUP Class is built specifically for Bombadero w/
100Liter Fuel Cell and 850 Kilo mass, HewlandSL gearbox.
(Specs from Lotus Noth America & Hewland Engineering)

To install, just extract the GameData folder from the archive file,
to a temp folder.
Copy the GameDate folder from the temp folder and paste to your:
c:\GTR2\ folder