I just saw this news item on Voodoo Extreme. Apparently the game development house, Lost Toys, who were working with Geoff Crammond to remake Stunt Car Racer for the PeeCee, has closed. The team consisted of ex-members of Bullfrog and Electronic Arts. Hopefully Mr. Crammond will find a new home for his game, this was one title I was looking forward to seeing.
Source: Voodoo Extreme