Burnout Paradise (formerly known as Burnout 5) is the newest video game in the Burnout series, which was released on January 22, 2008, in North America and on January 25, 2008, in Europe. It is available for PlayStation 3 and Xbox 360. It has a seamless open-world set in the fictional 'Paradise City', with no loading times and no traditional online lobbies or game menus.

A "Mugshots" camera feature is available in the Burnout Paradise versions for the PlayStation 3 (using the PlayStation Eye, the PlayStation 2 EyeToy, and other compatible webcams) and Xbox 360 (using the Xbox Live Vision). When a player is taken down, both players will have their photos taken and exchanged. These photos can then be saved to your hard drive. Both versions will allow camera-less persons, or those who do not wish to use their real face, to use their gamertag/PSN avatar, as demonstrated in the downloadable game demos.
(Wikipedia)

CHEATS

Cheat mode

Press Start to pause game play. Press R1 to scroll to the "Under The Hood" menu. Select "Sponsor Code" option, then enter one of the following case-sensitive codes to activate the corresponding cheat function. A message will confirm correct code entry. Cars will appear when you enter a junkyard after earning the appropriate license. Note: Some codes require a PlayStation Network connection.

Circuit City Hotrod

Enter CIRCUITCITY as a code in the North American version of the game. You must earn an "A" license to use this car after it is unlocked.

Hunter Best Buy Oval Champ

Enter BESTBUY as a code in the North American version of the game. You must earn an "A" license to use this car after it is unlocked.

Kitano Gamestop Sport

Enter GAMESTOP as a code in the North American version of the game. You must earn an "A" license to use this car after it is unlocked.

Enter B179 8M20 XA09 80FF as a code in the European or Australian versions of the game. You must earn an "A" license to use this car after it is unlocked.

Kitano Micromania Hydros Custom

Enter H211 1Z99 LZ00 00BB as a code in the French version of the game. Note: The code contains the number zero and not the letter "O". Additionally, this code will also work in other European regions besides France, if you change your default language for your system to French.

Steel Wheels car

Enter one of the following codes in the North American version of the game. You must earn a "Burnout Paradise" license to use this car after it is unlocked.
U84D 3Y8K FY8Y 58N6
E165 6L1Q ZQ2H 10V3
E60J 8Z7T MS8L 51U6
Enter B179 8M20 XA09 80FF as a code in the U.K. version of the game.
Enter Z891 4K88 IN25 79AA as a code in other European versions and the Australian version of the game.

Wal-Mart F1 Racer

Enter WALMART as a code in the North American version of the game. You must earn a "Burnout Paradise" license to use this car after it is unlocked.

UNLOCKABLES

Licenses
Earn the indicated number of wins to unlock the corresponding license. Note: Previously earned wins do not count towards unlocking the next higher license.

D license: Win 2 events.
C license: Win 7 events.
B license: Win 16 events.
A license: Win 26 events.
Burnout Paradise license: Win 45 events.
Burnout Elite license: Win all 110 events.

Bonus cars

Complete the indicated task to unlock the corresponding car.

Carbon Hydros Custom: Beat all Showtime Road Rules.
Carbon Ikusa GT: Beat all Time Road Rules.
Carson Carbon GT Concept: Find all 400 Smashes.
Carson Fastback: Earn the B license.
Hunter Mesquite: Earn the D license.
Jansen Carbon X12: Land all 50 Superjumps.
Krieger Carbon Krieger Uberschall 8: Complete two sets of Online Challenges.
Montgomery Carbon Hawker: Hit all 120 billboards.
Nakamura SI-7: Earn the C license.
Rossolini Tempesta: Earn the A license.
Watson 25 V16 Revenge Racer: Complete all Road Rage Events.
Alternate paint
Complete the indicated task to unlock the corresponding paint.
Gold: Win all Elite License Events.
Platinum: Win all Elite License Events with a 100% completion.

GAMEPLAY HINTS

Double barrel roll

The best way to do a double barrel roll is to jump in the Ikusa GT and fly off the big jump on South Mountain Drive.

Screensaver
Stop your car and remain idle until the engine turns off. You will know when this happens when your taillights turn dark. Remain idle, then the screen will become monochrome and the camera will start to move around the city.

Achievements

Complete the indicated task to unlock the corresponding achievement.
Lookin' Good: Repair your first wrecked car.
Watt?: Set a Time Road Rule on Watt St.
It's Showtime: Set a Showtime Road Rule on East Crawford Drive.
Great Start: Win a Race.
Misdemeanour: Collect 5 Billboards.
Off the Beaten Path: Collect 25 Smashes.
Getting Away With It: Win a race without crashing.
Bottom of the Class: Get your D Class License.
Yatta!: Shutdown the SI-7.
Showboating: Get a x5 multiplier in Showtime.
Perfect Rage: Get 10 Takedowns in Road Rage without wrecking.
Rising From the Ashes: Repair your car at critical damage in a Road Rage event.
Spinnin' Around: Perform a 360° Flatspin in any car.
Frenzy!: Get a Takedown Frenzy.
Underachiever: Get your C Class License.
Learning to Fly: Successfully land 5 Superjumps.
Getting in the groove: Get a x2 Boost Chain.
Taking Down Your Elders: Shutdown the Rossolini LM Classic.
Duckin' and Weavin': Win a Marked Man without being taken down.
7 Stunt Wonders: Win 7 unique Stunt Runs.
Curb Job: Power Park with at least 80% Rating.
The Show Must Go On: Get a x10 multiplier in Showtime.
Gate Crasher: Collect 200 Smashes.
Road Block: Set a Showtime Road Rule on 30 Roads.
Speed Freak: Set a Time Road Rule on 30 Roads.
Feeling the Burn: Win 10 Burning Routes.
Rampage!: Get a Takedown Rampage.
The Mean Mile: Set a record of 1 mile driving in oncoming.
Must Try Harder: Get your B Class License.
Manhattan Project: Shutdown the Hunter Manhattan.
Un-Chained Felony: Get a x10 Boost Chain.
Parallel Park: Power Park with a 100% rating.
You've just hired the B-Team: Shutdown the Carson Inferno Van.
Millionaires' Club: Score over 1,000,000 in Stunt Run.
Hangtime: Successfully land 25 SUPERJUMPS.
Chairman of the Boards: Collect 60 Billboards.
Daredevil: Land a 2 barrel roll jump.
Boosting Around the World: Get a x20 Boost Chain.
Flying Colors: Get your A Class License.
The Full Monty: Shutdown the Montgomery GT 2400.
Stunt Superstar: Score a x40 multiplier in Stunt Run.
Supercharged: Win 25 Burning Routes.
King of the Road: Shutdown the Jansen X12 Supercar.
Car in a China Shop: Get 500 Takedowns (includes online and offline).
Fall Guy: Shutdown the Hunter 4x4.
Paradise Won: Win your Burnout Driving License.
Elementary: Win a Race in the Watson 25 V16 Revenge.
All Pimped Out: Win all Burning Routes.
Explorer: Find all Events.
Paid and Displayed: Enter all eleven Car Parks. There are three in Harbor Town, four in Palm Bay Heights and four in Downtown Paradise.
Long Haul: Drive 750 miles.
Bustin' Out: Collect all Billboards.
Totally Smashed: Collect all Smashes.
Running Scared: Win a Marked Man with the Krieger Racing WTR.
Flying High: Successfully land all SUPERJUMPS.
Speed King: Set a Time Road Rule on every road.
Crashin' All Over The World: Set a Showtime Road Rule on every road.
Shopaholic: Find all Drive Thrus.
Elite: Win your Burnout Elite License.
Criterion Elite: Get your Elite License, win every event, find all discoverables andbeat every Road Rule.

Here's the trailer for the game: