Simply put, that's a super fun game!
It revolves just around the racing stuff, not getting into the entire content of the first movie of the prequels. It has a lot of cool looking maps, cool looking racing pods and a little dirty secret about Sebulba's... (actually, not really a secret if you watched the movie, hehe).
I played it as a child, so you may argue that it's just my overly coloured memory... maybe it was... nonetheless, I truly loved every single hour I spent playing this game, and, oh, for how many hours have I done it...