As soon as I open my mouth about not wanting to a play a 3D Flash game on its own merit I stumble across Space Hockey. Simple. Fun. Addictive. Still get some frustrating choppiness, but that is probably my old lappy's fault more than anything.
It was created with Papervision and Tweener. I am guessing the instant replay is done with Tweener... that is how the instant replay worked in the Nascar example.