At the moment it looks like the replay system is a step back compared to the previous one of rfactor 1. It's good that the editing tools are gone but the current system lacks a lot of session info. It would be nice if we could see the current lap/time, lap times, positions etc again. It's really hard to do a highlights video even if you know what content you want simply because it's so hard to find the content in the replay.
Does anyone else have the bug were pressing Return to toggle full screen also selects the cockpit view? That's quite annoying when trying to get screenshots, especially as the space bar doesn't work as a play/pause button as in rF1. Still, it's beta, as we know, i can understand if the replay system is not high priority right now.