This was in the latest "Playstation 3 NEWS" e-mail that Sony sends out periodically:

nice ill be downloading!

When exactly are we supposed to be able to download this?

sometime tomorrow, most likely the same time the store gets updated ( so at night).

right-o. I was hoping that there was some sort of timer in the episode of Qore. I'll just have to be patient.

Does anybody know if the demo has 2 player split screen mode? 

Yes there is a 1 player mode and a 2 player mode. both are on the same level and have 3 cars to choose from.

o and yea its up now.

The demo is pretty fun, it's more motorstorm.  The new environment looks really nice.  The only problem I had with the first game was the lack of content, having the game ship with double the tracks of the original is nice (16). 

It's all right....  the track deformation really didn't do much for me, and the racing truck handled like shiz.  Graphics are pretty sweet though.

If you're looking for more Motorstorm or just a decent racer, this seems like it's panning out to be a good one.  And it has trophies  :)