The PlayStation isn't just a game console--it's a virtual racing simulator for many of us. And with real-world winnings on the line through the GT Academy, it can be serious business, too. Full-on racing sim setups can cost in the thousands of dollars.

For the more casual gamer, however, the new PlayStation Move Racing Wheel could be the answer. Unveiled at the E3 2012 electronics show, the new Move Racing Wheel is basically just a wheel-like holder for the standard Move controller, but it promises to deliver a better driving experience with features including:

  • Precise motion tracking for responsive handling of your vehicle
  • An innovative folding grip design will allow you to switch between racing a sports bike to a high-octane supercar
  • Feel the intense vibration feedback of your vehicle as you trade paint with the competition
  • Experience realistic gameplay action using the race car paddle shifters and motorcycle twist throttle controls

At just $39.99 when it goes on sale this fall, it's definitely an inexpensive alternative to more realistic racing wheel systems--and it doesn't take up half of the living room. Support for most of the popular driving games is already included, with Gran Turismo 5, Need For Speed: Hot Pursuit, and more on the list.