After playing Forza 2 using the standard controller for about a year, this wheel took a LOT of getting used to, but perseverance and practice pays off big time. It genuinely feels like your in a race and that's when you realise real-life driving skills are so much more important to master.
I have no big gripes with this wheel but would like to make a few comments.
You've got to clamp it to a desk for stability, I had no luck using it on my lap – couldn't keep it steady enough during intense races.
If you're solidly built you might feel it a little in the shoulders due to the small diameter wheel – no big deal, just take breaks and don't race for hours on end.
Don't let your old man use this wheel, he'll get carried away and won't give it back.
If you're even remotely interested in driving simulators, buy Forza and buy the 360 Racing Wheel, you won't regret it. So much fun (and frustration to begin with), but it's as real as it gets.