I brought the MS wheel a few weeks back. Mostly for use with Forza.
And its shite.
I made sure the wheel was a later 2nd revision one, but there was not one single thing to recommend about it. The steering shaft had a ton of play, the clamping system is useless, the base of the wheel itself is bigger than a G25's, and the pedals are crap with no feel or resistance to them.
The force feedback was quite good though, a good runner up to the Logitech wheels in that dept. Ended up taking it back. At least they're cheap at £60.
Still using these little "kontrol freek" things though, I even use it in Halo & Call of Duty, fantastic little idea.