I'm admittedly taking a bit of a "risk" (so to speak) with this deal, as I usually know a really good deal when I see one, whereas I have absolutely no idea whether this is going to get hot or be absolutely freezing... but we'll soon find out!
Personally, for the price, I think it's a good little item - and a cheaper alternative to the Logitech steering wheels.
Here's the sales pitch for this item taken from the website:
* Enhances gameplay with all driving games that support SIXAXIS control
* Fully compatible with the SIXAXIS and DUALSHOCK3 Wireless Controllers
* Allows full access to all Wireless Controller buttons and functions
* Chrome effect finish with soft rubber grips adding extra comfort to gameplay
It's listed at £14.99 with most places, and £13 at ShopTo, but it's only £11.95 at MyMemory.
The wheel was released on June 19th.
Bigger picture: http://stella.webbdesignstudio.net/images/OfficialPS3Wheel.jpg