While it looks cool, this Thrustmaster Ferrari themed wheel will still be inferior to the Logitech Driving Force Pro and G25 wheels (the G25 is also compatible between PS2, PS3, and PC) if it doesn't have 900 degrees of rotation lock-to-lock. I'm very happy with the DFP and do not really have any reason to upgrade.
And, while the current Logitech wheels will still be fully supported by GT5: Prologue and GT5, apparently there will be a new wheel timed for the full game's release in 2008. Will be interesting to see what THAT wheel has to differentiate it from those that have come before, because each Logitech / Gran Turismo co-designed wheel has raised the bar for force feedback steering controllers.