The problem is this: if you enter any Speedway and attempt the race
challenge, you MUST win the race before you turn off your PlayStation.

If you get anything other than first place, and then save the game
(by manually saving or by exiting the level), and then turn off your
PlayStation (or quit the game and reload it), the game will think that
you have earned that Speedway egg when you really haven't. Therefore,
if you really do earn the egg, the game will assume you already have the
egg, and fails to add it to your tally.

For those folks who have unfortunately run into this, there are two
solutions to the problem.

One is to call Sony Support at 800-345-SONY (you'll hear a bunch of
options - choose 3, 3, 1, 1, 0 to eventually talk to a tech).
Tell the tech that you have encountered the Speedway race problem in Spyro,
and that you want to send in your memory card for the fix. They'll give
you the address and once they have your card, they should have it fixed
and back to you in three days.

The second, more time consuming, solution is to start over and ensure
that you when you start a race challenge, you get first place before you
turn off the PlayStation.

We sincerely apologize for this and hope that one of these fixes will
work for you.