I'm currently playing it and it's actually a very good Twisted Metal clone. The only bad thing is the controls. You can't customize them and they are strange.
The game overall is very fun. The battle mode is exactly like Twsited Metal and the specials are actually quite fun to use. You have normal weapons such as missiles, homing missiles, mines, granades, water waves, shield, invisibility(disappears even from the enemy radar), flamethrower, etc.
There is also 4 player system link mode on two consoles.
One of the boats special is a missile that turns you into a chicken for a period of time and all you fire is eggs
p.s. Hey Luis, can you post a video of the game if you ever try it?