I was thinking this too - if it was implemented in the same way as it was in KotOR, I could see it being popular, especially head-to-head or tournaments against other players. If it were implemented as head to head, a unique swoop would seem to be necessary.
While I have no skill at swoop racing whatsoever, it would be good for a laugh. And yes, it should be the KotOR version - not TSL.
I'd like to see Pazaak as well. While they are (obviously) not related to a major quest, they are undeniably part of the KotOR universe worth implementing.