You know, looking at the market of console accessories, especially xbox 360 accessories, there is a lot of useless crap out there that really is not needed. I'd much rather spend that money on xbox live time or a game or something like that, rather than buy some accessory I'll use once in a while. However, as a fan of racing games, this wheel is one of the few and rare necessities that just make racing games on my 360 exponentially more fun.
This particular wheel is wireless, thank god, I have enough wires. At first I was skeptical because I have so much wireless stuff in my house that there might be signal problems, but no such thing happened. Jumping into Forza 2, I immediately was having a lot more fun than with the standard controllers. Talking to a lot of the better racers over live, they said they are using wheels, and you know I could probably get just as good with the regular controller, but I think the reason a lot of the better racers online are using wheels and doing better is because they are actually enjoying it more. Racing games with the controller is, well, when you know there's a wheel option out there, you can't help but feel there's something you're missing.
If you're a fan of racers, you can't go wrong with this wheel. And do be careful when you're shopping, as there are a ton of cheap knockoffs out there.