Yes, it doesn't have LB and RB buttons.
I was given this as a present and was ready to take it back and exchange it for something else but I thought I'd buy a couple of cheap driving games to give it a fair chance.
I tried it with F1 2010, Forza 3 and Dirt 2.
The wheel really enhances the gameplay and adds a new challenge to the races, especially when combined with the in-car view.
The driver on screen was matching my steering in all 3 of these games, in terms of how much I turned the wheel and how fast.
It's easy to correct a bit of oversteer using a flick of the joystick, but when you're using the wheel you'll find yourself leaning, twisting and throwing yourself around in order to stop yourself going backwards into the sand trap or flipping helplessly off a cliff.
In all of these games there's a need at some points for the bumper buttons, but you can change the button configuration on most games. On Dirt 2 for example, I didn't need the button for the horn during races so I reconfigured the B button to change views. There are ways of getting around it.
Don't expect it to work amazingly on games such as Driver SF or GTA because it just won't. It's a steering wheel...for driving games!
Only other thing was I found the battery cover difficult to remove and there weren't any instructions on how to do so.
Minor issues I suppose.