According to a former Top Gear employee the video you see here could have replaced the current credits if Jeremy Clarkson hadn't put a stop to it.

Ian Morris used to have a job many car lovers would dream of. As a webmaster for Top Gear, he would visit the studio every week to take pictures of the live broadcasts among other duties.

It was during this time he came across this proposal for an updated Top Gear intro. According to Morris, he was told by a producer that Clarkson hated the new opening and claimed it would make the presenters look like idiots. With all of the techno music and blowing hair, we can't say we disagree.

Hat tip to Subs!
[Ian Morris]