As you can see from the footage shared by The Sega Guru below, it's already looking very promising indeed—and it seems that the hard work that went into the aforementioned Doom 64 port has helped massively with this new project.
"Everything I learned about Dreamcast for Doom 64 applies," explains the developer. "Like the library of fast math stuff I keep building up and fast polygon header manipulation. And music and sound. I started from zero with that project."
Hopefully, we'll see similar ports for WipEout 2097 and Wipeout 3 in the future, but in the meantime, feast your eyes on the game below.