OutRun Online Arcade announced for Xbox Live Arcade and PlayStation Network by Sega

Outrun returns in this Outrun Online Arcade Screenshot

Sega has announced an all-new Outrun game entitled OutRun Online Arcade for release on Xbox Live Arcade and the PlayStation Network in early 2009.

The game is being developed by Sumo Digital (who is headquartered in the United Kingdom) and will feature 15 courses set in the United States with 10 licensed Ferrari cars to race as.

The game will also support up to online racing for up to six players with three different modes to play.

Here is the new trailer for the game.