I did enjoy playing it but found the lack of challenge quicly started to take the enjoyment out of it. I've found I prefer the more 'realistic' racers, having to carefully judge corners, making the right decisions with breaking and timing to shift the weight of the car round corners perfectly makes every corner exciting and a challenge. Burnout's far more more simple arcadey handling just didn't cut it after the novelty of the dangerous driving and crashes had worn off and there was nothing else in the game to keep me interested.
The same is fairly true with Mario Kart (especially with Double Dash) the simple handling means that single player isn't that great and the game only comes alive when you've got some mates playing. As I say I'll buy '2' again when it's on budget but I'm not really excited about Burnout 3.