I'm not confusing anything, this setting simply speeds the game up. I see you have changed the title so now everything is COOL : ) . also games that 'Simulate Qualifying' ect. just do that in an instant ,while your'e still on the select or load screen, they don't fast forward through it all in front of you. I must say that I would prefer it if TS had controllable time progression like wot Trainz has as well though.

@Supertone : Thank you for your feedback. Time is the base unit of every realtime-simulated game (shooters, racing games, RTS, simulation). If you (artificially) accelerate the time in a game, everything occurs faster. Game Speed is an often chosen alternative term in games. So for better discovery I include it in the main description.
I guess you confuse time with time of day . A setting like 'time progression' in Project Cars or how games like GTA work is that everything happens in realtime but the time of day passes faster than in reality. Thats why you don't have to play GTA for 24 hours to experience a complete in-game day or spending hours in Project Cars just to complete a qualifying for a race.

A bit of a misnomer, this would be more correctly called 'Increase Game Speed' or something, as it speeds literally everything up including the game. It's not like the settings in Trainz or Project Cars etc. where you can control the speed of time progression (ie 1 minute = 1 second) while the game plays normally.