When you get the files, drop all of them into your replay folder under GTR2. Then load up the game. Select replays, and they will be listed in there by time and date stanp (NYSpeed_ date_ time_)
Everything was recorded. Practice sessions, qualifying, and the race.
Now you guys just need to get your Motec Data acquisition going so you have some real feedback on your driving 
EDIT: Actually, anybody that has the game, you can watch the replay footage. :tup: