Wangan Midnight: R is a racing game based on the Wangan Midnight manga. For Arcade it is a revised and updated version of Wangan Midnight while for the PS2 it is the first version and the first home console release in the series as well.

The PS2 release has an AC Scenario mode (original Arcade Scenario mode), Mission mode, Time Attack mode and an i.Link Battle mode (local multiplayer) similar to the Versus mode used for the two units of the arcade cabinet. There is also a Replay Theater where replays of races can be viewed. The mission mode has a number of challenges against one or more opponents divided over eleven series (series one to ten and then Tune as the final one). The game contains licensed cars from the manufacturers Mazda, Mitsubishi, Nissan, RUF, Subaru and Toyota.