Reviews for "Formula 1 97" were overwhelmingly positive. "IGN" said the game is a "significant jump" from "Formula 1". "GameSpot" wrote: "Formula 1 CE is so much more than a racing game. It is a world-class simulation that offers such depth of gameplay, you'll think most other racing games are just "Pole Position" with a better graphics engine". Critics widely applauded the comprehensive Formula 1 licensing, numerous car setup options, realistic sound effects, and overall authentic Formula 1 feel. At the same time, the majority were enthusiastic about the arcade mode, saying it both opens the game up to players other than simulation fanatics and offers simulation fanatics a more relaxed way of enjoying the game. "GamePro" dissented on this point, contending that the arcade mode's "power-slide-heavy style feels almost silly and lacks the oomph to attract arcade gamers".