For racing game fanatics there is no more coveted item than the Xbox 360 Wireless Racing Wheel. Truly it was a racer’s dream, and a peripheral on par with Logitech’s craftsmanship. It was wireless, had a 270° steering radius, force feedback, and sturdy construction. Sadly the wheel has been out of production for some time. The only way to find one new is to scour the depths of the internet in hopes of finding one hiding in some corner of Amazon, eBay, or some other commerce site.

But in the wake of racers’ sadness comes simplified hope: The Wireless Speed Wheel. Sure, it’s certainly not a hardcore device, but it looks to be much more robust then Nintendo’s “stick the wiimote in the middle of a plastic circle” solution. It features rumble feedback plus the slick D-Pad/face button combos right at the top. Plus it actually looks like a racing wheel, which adds to the cool factor. Gas and brake are presumably handled by the triggers found on the underside of the grips. Finally racing fans have some renewed hope. Learn more about it in the abbreviated press release after the jump.

Wireless Speed Wheel

Launching in early October, the Wireless Speed Wheel is completely wireless and controlled intuitively with precise steering, standard controller buttons/triggers, and haptic feedback with rumble.  The device is compatible with all racing games right out of the box*. The Wireless Speed Wheel will be available for $59.99 (U.S. ERP) and will ship to retailers worldwide beginning September 26, 2011. This device combines a fun and immersive driving experience with the biggest racing game of the year, the best rated “Forza Motorsport.”

With trigger buttons for gas and brake, combined with a rumble feedback, the Xbox 360 Wireless Speed Wheel provides intuitive standard controller buttons that immerse the driver into the game, whether you like to white knuckle it down the race track with your hands at “10 and 2” or “9 and 3.”

The new Xbox 360 Wireless Speed Wheel balances the realism of a wheel with the feel of a controller for greater user edge in game play.  It includes buttons for game specific functions including triggers, ABXY and D-pad along with green bands of lights on each handle to provide visual cues when necessary.

For more information on the Wireless Speed Wheel, visit www.xbox.com.

*Limited functionality in some games. See www.xbox.com/wsw for details.