I brought the game up by the way
about your question, as I understand it there will be a camera view on the main pit straight of the track so you will be able to see incidents occuring there but not elsewhere on the track. you will be informed of incidents on the track (i.e. overtaking, retirement etc..) by a text based system. and you will be able to monitor the race by charts with laptimes, gaps etc... this is a bit disapointing but its better than the system in grand prix manager 2 and the rest of the game looks great