Microsoft announced today that Turn 10′s Xbox 360 exclusive racer Forza Motorsport 3 will arrive in North America on October 27.

Boasting an impressive “400 cars on over 100 tracks,” Forza 3 will include a first-person view, one button assisted driving, and vehicle rollover. Turn 10 Studios has stated that Forza 3 will allow gamers to record in-game footage and upload it to the Forza website.

Gamers who pre-order Forza 3 will get a download code for an Audi R8 V10 fitted out with a custom paint job by Justin Van Dusen II. Like with all modern games, there is a Limited Collector’s Edition chalk full of new cars and exclusive paint jobs. For the official list of all the goodies, hit the jump.

“The Forza Motorsport 3 Limited Collector’s Edition (LCE) gives aspiring drivers, tuners and painters instant VIP Membership status within the Forza community including special recognition in the new Storefront feature as well as the online Auction House, scoreboards, ForzaMotorsport.net and more. As a VIP member, consumers gain exclusive access to five of the world’s hottest cars:

• 2009 Aston Martin DBS
• 2009 Chevrolet Corvette ZR1
• 2007 Ferrari 430 Scuderia
• 2007 Lamborghini Gallardo Superleggera
• 2007 Porsche 911 GT3 RS (997)

And if you crave cars, you won’t want to miss another perk of the “Forza Motorsport 3″ LCE – an Exclusive Collector’s Car Pack, personally hand-picked, tuned and painted by the team at Turn 10:

• Audi R8 5.2 FSI Quattro
• Acura NSX (Forza Motorsport Cover Car)
• Nissan Fairlady (Forza Motorsport 2 Cover Car)
• Aston Martin DB9 (Forza Motorsport 2 European Cover Car)
• 2008 Dodge Charger Stock Car (with Xbox 360 livery)

In addition to the exclusive cars, Turn 10 also plans to create a series of new and exclusive designs and tuning kits exclusively for VIPs. And to show off your true “Forza Motorsport” pride and prowess, consumers also receive a Forza Motorsport 3 collector’s keychain and a 2GB USB thumbdrive in which you can store your favorite “Forza” videos, photos and designs to easily share them with friends.”

Source: Shacknews.com