[quote name='RedvsBlue']The only load times worse than Midnight Club 3 are the infamous Smackdown vs. Raw loadtimes. The MC3 load times were absolutely horrendous whereas the Burnout ones aren't quite as bad.[/QUOTE]
That's only when you have four or more created fighters in a match. Otherwise the loading is no where near as bad as MC3, which is terrible all the time.
As for the op's q; Burnout and MC3 offer two very different racing experiences. However, if I had to choose, I would choose Burnout, they're about veen in the fun factor, but the loadtimes are much more bareable in BO:L.