I have a Momo one and really like it a lot. If I were only using it for the PC, that is the wheel to have in my opinion. The only downside is that it isn't supported by some PS3 games (Grid, Formula 1). Though it does work for GT5 Prologue, you have to reach for the controller a lot. For use with the PC the Momo is great, but due to my console use I decided to "upgrade".
I highly recommend the Logitech "Driving Force GT" wheel for console use. (
bestbuy.ca) It is good for PC games as well. Lots of programmable buttons.
Greg