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E3 has seen severall impressive new racing games revealed this year, and now Sony has a new racing peripheral. The PlayStation Move Racing Wheel turns your motion controller into the ultimate racing peripheral. Previous racing controllers have been confined to excel at one type of racing game. Sony states that their new peripheral will excel in many different racing styles, due to its ability to be configured not only as a steering wheel but also as a set of handle bars. Combine this innovative folding design with the precise motion controls of the PlayStation Move, the visceral feeling of the vibration feedback, and the additional paddle shifters and twist throttle controls, and you have a racing peripheral that seems to promise an immersive experience unlike any other.

Sony has already announced that this controller will be compatible with upcoming games, such as Little Big Planet Karting, and existing favorites, such as Gran Turismo 5, Need for Speed: Hot Pursuit, BurnOut Paradise, and MotorStorm Apocalypse. It is scheduled for release this fall for roughly $40.

[Source: Playstation Blog]