I was really bummed when Samit told us that Sega Racing Studios was closing its doors. The 1990s vintage Sega Rally for the Saturn is my favorite racer of all time. The Dreamcast classic Sega Rally 2 isn't far behind on my list. The SRS team did a fair job with their only release, Sega Rally Revo, but the 2005 founded studio barely had a chance to prove themselves before their doors were closed.

Luckily Codemasters snapped up the recently closed studio, according to Next Gen.

In seizing this opportunity, we have created additional resources to escalate our plans in the racing segment,” said Rod Cousens, chief executive of Codemasters.

“We hope to welcome more than 40 people to the company and we have enjoyed the full co-operation of our friends at Sega in making this happen. It is good business for Codemasters, an exciting prospect and there will be more to come as we are not content to stand still.”

This may be the best possible situation. First off, Codemasters' Colin McRae and Race Driver titles are no slouches when it comes to racing titles. They can combine powers with Sega Racing Studios to make an even better racer. Best of all, the Sega Racing Team gets to work again and not be jobless.

Racing fans, are you excited to see what comes of this? Are you worried about the Sega Rally franchise again?