I am not a console fan, but i love Forza 3!
I have seen the demo for Forza 4 and saw it on Americas version of Top Gear. The making of the new alps (or where ever) track is very cool.
I think hands down it will be the best car racing game to date.
With how little i use my 360 (mainly tiger woods golf) i will buy the game, but i will wait till next spring/summer for the price to drop as i have plenty of new games to keep me going all winter.
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I tried the demo today & it's not bad at all. You can definitely notice the differences in the physics engine from other games in the series. I'm pretty p**sed at the stupid licensing bullshit about Porsches not being available though so I'm probably not going to get it in all honesty. I know it's not Turn 10's fault but I already have my cars in FM 3 to play with...