Gran Turismo 3 was released 7 yesrs ago on the PS2. It's only like $10, now. Why am I saying this? Because you should definitely get this game. Almost everything about it is near-perfect, and it was years ahead of it's time. Why? Let's find out.
Graphics
Okay, I know I'm going to get flamed and torched for saying this, but I'm just going to say it. Here goes. The cars look like they should be on Xbox 360. Now I've seen racing games on the 360 that look better, but GT3 is at least in the lower end of the 360 racers' cars in the Graphical department. Back in 2001 when gas still cost $1.29 (simpler times, eh?) no one thought the PS2 could deliver graphics like this outside of cinematics. But GT3 delivered the best. The environments have aged a bit, but interestingly enough, they don't look that bad even by today's standards. The environments are the only reason I have to knock it down from a 10.
Sound
Do the sounds and music mesh with the brilliant Graphics. The answer is, hell yeah! It has a fairly limited amount of tracks to have for music (about 20-30 in all), but it doesn't matter when they fit so well with the game. The engines sound almost real and the great sound quality really helps you feel it every time your car crashes into another car. The sounds great, but just a little weaker than the graphics.
Gameplay
Apparently, the good people at Sony and Polyphony Digital don't take the words "Driving Simulator" lightly. They meant what they put for a subtitle. The physics in the game are like that of real-life. You have to slow down to turn and you don't get to gain speed from boost (well, you get Nitrous in GT4, but that's for another review), and while that might sound like a bad thing, it's not. You can develop your own specific racing strategy however you want to (ram other drivers off the road, be extra careful during hairpin turns, etc.). There's also no shortage of vehicles, either. From the Corvette to the Castrol race car, you get over 200 vehicles that you can buy and race with in simulation mode. With ~50 tracks, over 200 vehicles, a unique physics system and over 100 cups to enter (including the endurance races which take longer than an hour), this game almost has it all. Except for a damage system. You can ram and ram all you want but your car will run and look like it's brand new. Some might think of that as a good thing, but I don't.
Fun Factor
GT3 is one of the funnest games I've played. It seems like it has nearly everything and is an overall fantastic game. You really should play this.

From Xfire: "For a company with a three-decade-long history in gaming, Sony has done a crappy job at preserving its legacy. "
All the mgs games, all the ape escapes, silent hill 1-4, croc 1 and 2, legend of dragoon, tekken 3,tenshu, bushido blade, vagrant story, okami, ico, crash bash, gt4.
Thats just off the top of my head that i would play immediately, still so many more though that id love.
Folklore. It was such a unique and beautiful game. Great soundtrack. I still have my PS3 copy
Infamous 1 & 2 probably will get remaster for PS5/4 at some point as for the others in that article idk

Eurogamer: "PlayStation 2 is 20 years old today; 4th March 2000 is the date of its Japanese release, although it wouldn't make it to the West until the end of the year. And what a way to kick off a new millennium - with a futuristic games console and (probably) a DVD of The Matrix. At 155 million units sold, PS2 is the best-selling home console of all time, and during its time it enjoyed a hegemony over console gaming that hasn't been seen since. Part of that was down to its trailblazing predecessor and Sony's canny branding - classy, cool, and above all grown-up. Part of that was because it played the new DVD format relatively cheaply. But most of it was down to the console's astonishing software library, which matched quantity with quality all the way down. So many all-time greats made their debut on this machine, and so many creative, left-field gems too. So it seemed like the only fair way to celebrate PS2's birthday was by running down 30 of our favourite games for it."
OOOOOOKAY! Here are 10 of my absolute favourite Playstation 2 games..in no specific order:
Tekken 5
Tekken Tag Tournament
Mortal Kombat: Deception
Final Fantasy X
Guilty Gear XX Accent Core
The King of Fighters Maximum Impact 2 aka KOF 2006
Disgaea 2
Burnout 4
Dance Dance Revolution Extreme (Japanese Version)
SoulCalibur III
What are yours?
No particular order:
Shadow Heart: Covenant (seriously, play this game)
GTA: Vice City
Gran Turismo 3
Metal Gear Solid 2
Ace Combat 4
Need for Speed: Hot Pursuit 2
Final Fantasy X
Onimusha 3
Resident Evil 4
Favorites in no order.
1.Def jam vendetta&FFNY
2.R&C series
3.Dynasty Warriors 3,4,5
4.SW Battlefront series
5.MK:Deception
6.Budokai Tenkaichi 3
7.twisted Metal:Black
8.Simpsons Hit&Run
9.Star ocean:Till the end of time
10.GOW:1&2
Interesting discussion. I don't usually do this, but I guess I'll toss my hat in the ring.
In no particular order,...
MGS2
MGS3: Subsistence*
GTA: San Andreas
GTA3
GOW2
ESPN NFL 2K5*
Ace Combat 5: The Unsung War
DMC3: Special Edition
007: Everything or Nothing*
Shadow of the Collosus
*Games I still play to this day.

"Some say a racing game is only as good as its tracks. Gran Turismo's had some masterpieces, and we've gone and ranked the best."
yea dude...GT3 was sooo good....Man i absolutly thrashed that game to death
wrong about the graphics part there, here is a video of GT3:
http://ca.youtube.com/watch...
here is a video of a launch xbox 360 racing game, PGR3:
http://ca.youtube.com/watch...
there is no contest between the two videos because the 360 game horribly outshines the ps2 game. I compared a launch 360 game, which qualifies as a low end one. So sorry but your graphics assessment of GT3 is horribly flawed :D
to bad i got rid of it about 4 months ago :(