This is a very high quality steering wheel. It has a very luxurious feel. It feels like one of the wheels you find on simulators at car exhibitions showcasing the latest driving games.
This is my first steering wheel. Being an avid F1 game fan I thought it was time to treat myself to a wheel rather than the standard dual shock controller. Setting it up on the PS3 is incredibly easy - just a case of plug and play. The hardest part is finding somewhere to secure it on a sturdy enough stand/table, so you can use it effectively and are comfortable.
The set feels of a very high quality. From the metallic pedals, with different tensions for each pedal, (accelerator, brake and clutch), to the metal `flappy paddle shifters' on the wheel, and the leather covering around the wheel.
It's very easy to use, and it really does make it a fun and novel experience. I can't comment on the gear lever/clutch use as I only play F1 driving games, which use the sequential gearbox with the paddles.
I would highly recommend this steering wheel, but it is quite pricy, so it's going to be for real enthusiasts.