I haven't seen a mention of this on GRM yet, so I figured I'd throw it out there. It's free, and it'll help you go 'round the track faster, two things that I think will endear it to this crowd.
Bosch Motorsports has come out with a pretty nifty simulation package called LapSim. There's a free version that allows you to tweak 26 parameters, and a pro version ($8k I think), that gives you some finer-grained control over everything. I use the pro version at work, and it's given me some pretty accurate results, but the free version still has a lot of the functionality.
You can grab it here: http://www.bosch-motorsport.de/content/language2/html/3859.htm
It really helps if you have some datalog'ed data from you car that you can use to correlate with the model. Here's a good primer article written by the guy who wrote the software. http://www.tuev-sued.de/uploads/images/1134742807425334568579/15_van_rutten.pdf
I'm in no way affiliated with the product, I just use it at work and though the crowd might get a kick out of some free lap simulation software.






