I don't know about that logitech one but i bit the bullet and bought the MS steering wheel. It is a lot of money but equally It's really nice. Decent build quality and the force feedback is better good. I prefer it to the control most of the time. You do need to plug it in to a power socket if you want all the rumbley waht not features but you can jsut stick in regular double A batteries or even a rechargable pack for your contoller. oh and the pedals attach to the base with a cable aswell...but it is wireless from the console
My only reservations are a stand or decent height table to put it on would be better as it has a bit of weight to it and while it's comfortable on your lap wiht it's shape it does start to ache my legs after a bit.. looking to get a little table to put it on soon, with enough space udner for the pedals.