Icon Games today announced Spinout, a racing game where you play with a ball or Xorb as they call it on high-rise tracks. The game is developed for the PSP and PlayStation 2 and even features multiplayer of up to four players. Check the press release containing a list of features and the screens for the PS2 and PSP versions of the game. Release date is set for late 2005, which usually means just before holiday season.