Town of light is a good and well made walking sim :D it's good, but not as good as OG Rollcage. The cars go pretty fast, but feel like they have less weight to them than in rollcage. I mean like it's easy to go flying after a bump and then spinning in the air for far too long. Also, the other drivers have names and some sort of a text backstory but that's pretty weaksauce compared to rollcage's actual individual style and character models of the drivers. The game can also be pretty challenging sometimes. I don't think the drivers rubberband or "cheat" too much, but they can often go through the tracks pretty fast and leave very little room for your mistakes.

Oh yeah and the championships often have some mandatory "combat arenas". It's like a weird arena where you win by scoring points by attacking other cars with weapons. I didn't find it as entertaining as the actual racing (even the kind of racing where you also win by scoring points by doing "tricks" and attacking cars, but you're still doing that while speeding through the race tracks instead of being locked inside a boring arena)

As for the multiplayer, I don't think too many people played it on steam when I played the game like last year or so. I don't know if you could somehow connect with friends or something, but I wouldn't exactly bother waiting for enough random online players even on steam.