400 divisions? I'll try to break it down.
Characters are as follows: Sonic, Tails, Knuckles, Amy, Shado--*shot*, Robotnik, MS, MK, Tails Doll, Egg Robo, Super Sonic
That's 10 characters total from memory. The other divisions would be as follows: Grand Prix, Time Attack Normal, Time Attack Reverse, Balloons, and Tag.
That's 5 other divisions. The stages are as follows: Resort Island, Radical City, Regal Ruin, Reactive Factory, Radiant Emerald.
That's 5 stages. 5 * 5 * 10 = 250. There would be 250 divisions, but who really needs Tag and Balloons anyway?
Still, Super Sonic is the character to use when making records, and since for some reason people are saying it's ok to use Grand Prix mode to make records, it all seems unbalanced to me. And correct me if I'm wrong, but I thought the Saturn version was identical to the PC and Gamecube version except for the fact that the PC/GCN has weather effects. Records-wise, it's the same.
*shot again for being such a prick about it* XP