Gran Turismo 5 may still be a little ways off, but Logitech is already jumping to have an official steering wheel available for this long-anticipated PlayStation 3 title. It was developed by Logitech and Polyphony Digital, and includes a lot of features that will tighten the trousers of any driving enthusiast.

The force-feedback system is capable of simulating oversteer, understeer and traction loss. It includes paddle shifters and a standard stick shift. Probably one of the better features is the 24-position adjustment dial on the wheel. This little red doodad will allow you to adjust brake bias, TCS and damper settings on the fly. The wheel will be available in May for $150. [Driving Force GT via Uncrate]