It's based on .NET Compact Framework 2.0, so you need to install that before using it. CF 2.0 comes with Windows Mobile® 6.0, but you can install it on any Windows Mobile 5.0 and newer devices.

Note:
Windows Mobile 2003 SE is NOT supported!

Update Description:
v3.18:
- Results: Grand Prix Brasil .
- World Champion: Lewis Hamilton.
- See you next year!

v3.17:
- Results: GP China.

v3.16:
- Results: GP Japan.

v3.15:
- Results: GP Singapore.

v3.14:
- Results: GP Italy.

v3.13:
- Results: Grand Prix Europe und GP Belgium.

v3.11:
- Results GP Hungary.
- Bug fix in Team/Driver results (thanks B.Chyba!)

v3.10:
- Results: GP Germany.

v3.09:
- Results: GP Great Britain.

v3.08:
- Results: GP France.

v3.07:
- Results: GP Monaco and GP Canada.

v3.05:
- Results: GP Turkey.

v3.04:
- Results: GP Spain.

v3.03:
- Results GP Bahrain.
- Support for ALL screenresolutions (QVGA, VGA).
- Task switch problem solved.
- Driverinfo bug solved.
- New Aboutbox .
- New Icons.

v2.02:
- Now you add manually the race results or you can update it online.
- Driver and Team championship.
- Results: GP Australia and Malaysia.
- Minor Bugs.

SOURCE

http://www.deepweb.nl/?taal=en&page=software

Reviews:

***** [May 14, 2008] by Raj using O2
This program is meant for WM5 or 6 not for WM2003 SE.

** [Apr 11, 2008] by Jevan using o2 xda iis
I have installed .NET CF v2.0 & running on win 2003 mobile 2nd edition. when i copy this program there is a error:".cab is not a valid Windows CE Setup file". ..... any help?

* [Apr 9, 2008] by Bob Neumann using PPC 2003 SE
My PPC doesn't recognise the cab file, says it is not for my PPC.