Real Racing 2 for Android. Free to download (trial version). Special offer - 80% off full version. The full version is an in-app purchase. $0.99 with the discount.
Seems like EA currently restrict the game to phones only (mainly dual core phones and some high end single core phones). Tablets are not supported (perhaps EA will release Real Racing 2 HD for tablets - similiar to what they did in the iOS world).
Download the trial version, try it out. If you like it, purchase the full version for $0.99. The game data download (~600MB) does take a while. Developed by Firemint, based in Melbourne, Australia (though EA bought the company recently).
market says its compatable with my galaxy S, havnt played yet, still downloading the files