Visit the official PCSX2 website and download the latest stable nightlies build.
Upscale the game from its native 480i resolution to crisp 1080p, 4K, or higher.
Your search for "highly compressed" versions points to the well-known world of game repacks. A "repack" is a version of a game (or, in this case, a ROM and its emulator) that has been compressed to a much smaller file size, often between 50-80% smaller than the original. This is achieved by repackers like the famous , who uses advanced algorithms to compress game data to its absolute limit.
There was never an official Windows PC release of Burnout 3: Takedown. Any file claiming to be an .exe installer of the game without an emulator is likely unsafe malware.
If you meant two separate things—(1) an informative essay about burnout, and (2) help finding PC game files—I can help with the essay and offer legal alternatives for getting games (e.g., official stores, sales, DRM-free platforms). Which would you like?
With a bit of patience in setting up the emulator and applying the right patches, you'll be shunting rivals into oncoming traffic at 200 mph, listening to a killer punk-rock soundtrack, and understanding why this game is still, two decades later, the undisputed king of arcade racing. Now, hit the boost and go for the Takedown.