gpoints, but when you apply torque to cars, its importance depends on the car and the situation, that's why it's so hard to discuss and the whole hp and torque deal with cars can never be conclusive.
Horsepower is much more important than torque when it comes to acceleration. Take the M3 vs the G35 Coupe for example. The M3 has a maxmimum torque rating of 262 @ 4900rpm and 333hp. The G35 Coupe has 270 torque @ 4800rpm and 280hp. The G35 Coupe has more torque than the M3, but it's not faster. Torque is not so important with sports cars because they need horsepower (for acceleration) not torque, which is just raw power.
If you look at SUV's and particularly pickup trucks, you'll see that most of their engines have more torque than horsepower, because those vehicles need the power of torque to move those heavy beasts (and whatever they're towing) around town. Torque gives those vehicles the power to accelerate under heavy load, but it's horsepower that really determines the rate of acceleration. A good example of this is the Toyota Land Cruiser/Lexus LX470. It has only a 235hp V8 but the engine is pushing out 320 foot pounds of torque and it's a 5,400 pound vehicle. Its acceleration is very slow, but no matter what the conditions are (uphill, towing a boat, etc.), it always has the power to accelerate but its low horsepower doesn't allow it to accelerate fast.
When it comes to cars, horsepower is what you see (meaning you see the speedo going up) and torque is what you feel (meaning if a car has a lot of torque it will push you back in your seat).