This game features an underground import racing scene, on which the player's main objective is to live the life of a street racer, gaining respect and affection of various women in the city. This is featured in a way that the player must win a variety of respect challenges to attract girls and maintain a good victory streak in order to ensure that they remain with the player. Once in their car, the girls will present the next open race that the player enters. As the player continues to win races, dance videos will be unlocked for viewing.
The game has 50 licensed cars from a variety of manufactures, including models from Nissan, Toyota, Mitsubishi, Lexus, Subaru, Mazda, and Volkswagen. SRS also features a car damage model that forces the player to drive carefully, heavy damages may impact car performance and heavy repairs may drain the player of money earned from their last race.
SRS initially received publishing support from the 3DO Company. While the game was still in development, 3DO declared bankruptcy and auctioned off SRS along with its other assets. Namco picked up SRS for $1.5 million, compared to the $1.3 million that Ubisoft paid for the Heroes of Might and Magic franchise.