Mine arrived yesterday.
No flaws I can see - stiching is good, paddles aren't sharp, no excessive noise that I can detect, etc.
I absolutely love it. It's night and day compared to all the other wheels I've tried (granted they weren't as expensive).
I haven't bothered with the shifter yet, other than to verify it worked. I prefer paddles.
The lack of buttons on the wheel is not an issue ( for me ). Two on the wheel for 'look left' and 'look right', which is the most urgent reason to have buttons on the wheel. With the gearshift mounted next to the wheel, and the gearshift out of the way ( in reverse ), I just reach over and tap a button for 'reset' or 'speedlimiter', both of which I know I'm going to need ahead of time.
The four red buttons along the bottom are fine for smilies, 'good race', and "Sorry I only use DEFAULT SET" quotes.
I was expecting some minor issues, and have had none. I'm thrilled with the performance of it. The only issue is relearning how to drive with it. The brakes in particular take some getting used to. I've already improved two pb's on tracks I dont run that often ( no bad habits to break I guess). On tracks I'm highly familiar with, I'm within a few tenths, and it's honestly a case of me not believing I can do things I wouldn't have thought of with the momo racing wheel. I was actually able to drive - almost enjoy - the RAC.
NOTE:
I did have an issue loading the software - my computer wouldn't recognize the autorun, and when I searched the disk, I couldn't find an appropriate setup for 32 bit installation. Might be something to do with XP, or operator error, but the response time was unusually slow with the CD.
I went to the logitech site and d/l'd the latest software, and it installed with no problem. Prior to this, I skipped the profiler installation, and let XP detect the new hardware. It showed up as a DFP wheel, and I couldn't access the gated gearshift. The logitech file has all the drivers needed, if you should run into any similar problems.