As for having a good driver I agree with mellink completely but the problem is this... picture a bunch of 22 year old "boys" with minimal driving experience trying to get 12000RPM to hook up quickly, while managing a clutch, when none of us (including myself) are fantastic at driving standards. Unfortunately our school does not found driver training so I am going for the fool proof method for this car and cars in the future. However, I agree wholly that a computer will never defeat a good driver.
Its unlucky you dont have anyone who has any karting expereience etc. I normally see people fighting to be the driver at our place. 12000rpm sounds bad but theres minimal torque, so its not the worst engine in the world :-)
I think that a very good computer in the car can flatter a good driver and annoy a excellent one, but you don't want to have to be concentrating to get aounrd a corner in a normal road car imagine how triering that would be! But saying that the electronics in the new BMW I have to say are bloody amazing its like sitting in a laptop. If your really gunning around corners the car seems to planted and if its going to let go all the car settles down veyr quickly. UBER IMPRESSED with it.
Good luck and keep us posted on what you do. Do you have a blog about the build i'd love to read as i'm hoping to do the student race car in a year or 2 its a final year project so far i've just been sneaking into the work shop to talk to the guys.
Do a few caterham day that would help you alot similar sort of idea, less weight more power sort of car.