Yeah, I could see this being fine as a companion app, but on its own, using a full fledged Wipeout title instead of a spin-off? Never, you would think big companies have learned by now from the Diablo reboot, and the Command & Conquer one, guess not though...
Anyone remotely familiar with the franchise would've been ringing alarm bells left and right

On the other hand however, it's kind of odd they announce a mobile game this many months in advance, so perhaps there is still hope for this being released alongside a new console game in 2022 🤷