http://dicksmith.com.au/product/YG0124/logitech-wireless-rac…
The Logitech Driving Force Wireless is a one-piece, force-feedback racing wheel that's comfortable, easy to set up and store, and cuts down on clutter. Features include 2.4 GHz wireless technology for lag-free control from up to 10 metres (30 feet) away from the console; force-feedback technology, which recreates bumps and crashes with exceptional realism; an expandable lap rest for comfortable game play without being bound to a table or desk; and built-in gas and brake controls which put precise, fast action within easy reach.
The Logitech Driving Force Wireless is compatible with both PS2 and PS3 computer entertainment systems.
Obviously not one of the better Logitech models out there but for $50 i reckon it's good value :)
I think the store price is around the $70-80 mark so you could save yourself the hassle by reserving one online.