I recently had I76 installed on XP and played through the game. It did crash randomly a small handfull of times, but then worked when restarted. I have an OEM bundled install, software only, that came with an STB video card. I patched it up upon install. IIRC I did not have to make any adjustments to the compatibility to get it to run (except see below)
I had one issue that I was unable to resolve: the AI controlled cars. Their wheels would rapidly jiggle from 100% left to 100% right, with their brake lights flashing. While they drove slower than normal and bounced around a little bit, they still followed their paths and did what they were supposed to do. Tried compatability adjustments.
The gameplay is still better than most games I have since played. They definately did NOT phone in the funk.
XP SP1
p4 2.4
gf3ti200
realtek onbooard sound
directx9-ish