The Old Republic's latest patch introduced Swoop Racing! There are courses set up on Dantooine, Onderon, and Tatooine. It's pretty neat.
There are three team, each focused on a different aspect. One likes explosions, one likes flair and jumps, and one is about speed. Though they all use the same course, it changes slightly for each team.
Basically you're on a vehicle that is always moving faster. You can slow down or speed up a bit, but it isn't very hard to maneuver. Bioware made good use of SWTOR's optional mission directives. The base mission just requires you to complete the course and do a few of the team's specials. A timed run is optional.
You also aren't racing against anyone, but everyone else is all on the same track and going in the same direction. So it feels active and a bit like an actual race.
Apparently Bioware has tied some story to the faction reputation, and it is supposed to advance as you gain reputation. I think this is the first time Bioware has done this, so we'll see how it works out. Reputation is shared between your characters, though there is a cap on how much can be earned each week. Bioware also puts the bulk of the reward into weekly quests, further reducing the grind.
All in all, I found it pretty fun. It's a nice change of pace.