Hmm probably this is true, but I also have some remarks.
First of: ghosts are invisible. Secondly, the screen which shows the video of you driving isn't there (luigi raceway).
Secondly: sometimes (especially when loading a savestate) the video gets very jerky.
Third: at the end of the race when the summary comes up, the backdrop for the letters should be black, instead it's flashing some colors. What's up with this?
What are the ideal settings for this game? I've been fiddling a lot and jabbo's gives a better result up to now.