For sure. Its the game's launcher the one which is refusing to load up, so there must be some missing component that's causing "it" to glitch momentarily, throwing the aforementioned "warning" message. (My machine's GPU can support the latest version of Pixel Shader as per my latest check, although i could upgrade it to a better part later.) As for the game itself, the "Unreal" version plays beautifully so far, although it could use some additional fixtures, like some cool exhaust tips to give it some extra styling points to those car bodies.
Let's keep that great work up front, guys!