At this year’s E3 a new type of controller that makes your gaming experience more enjoyable was announced. The Playstation move racing wheel.
Others have been made like it but, they have only been available for the certain games and would not support all racing games. This new device will support many new games to be released in the future such as, LittleBigPlanet Karting, and games that are already on the shelves such as, Grand Turismo 5, Need for Speed: Hot Pursuit, BurnOut Paradise, and MotorStorm Apocalypse. The device will be around $40 and be released sometime around this fall.
Source: Playstation Blog