Erm, for those that are still helping me keep this badboy in check, the second version is available for download at the same URL.
http://www.kontact-kru.com/game/Speeder.zip
Now we have 5 A.I cars, cool looking buggy models, a few bugs fixed, dust trails (set up to be customisable later on ... but I've kept the max amount of dust low for low-end users), and .. the best thing of all, I've made one bug even worse!
Now with 5 cars racing head to head, the random fly into the air bug is even more prominent, but overall its looking a ton better.
Let me know what you think and how it performs.

If anyone experiences a much lower frame rate because of the dust trails, let me know, and I'll make sure they can be switched off.
ADDED NOTE
For those that didn't see the original post/demo, you can't control anything. It's just a rolling demo controlled entirely by the computer, just incase you get confused as to whats going on.
ALSO
There is still the random bug where it thinks there are bumps where their seemingly arent. This same bug causes another bug (the stuck and constantly blowing up bug) when it looks like the car is fine, but it keeps exploding. Its actually located beneath the ground (I think) hense it keeps blowing up. Two bugs on the list to be sorted.
Machine: P4 2200, 1GB RAM, GeForce4 64MB, Audigy Platinum
http://www.breakbeat-terrorism.co.uk
(It's not all about the coding)