If the race sim was the main reason "iwm" then don't waste your cash on a PS3.
PC applications are still the top of the "simulation" tree for car racing and rallying.
Can then expand to multi-monitor for all round cockpit views as more cash frees up ( and monitor prices keep driopping )
@delyard: Is their any adjustment on the wheel position ? I presume the seat will move forward/back easily enough.
That kid is going to struggle to operate as they grow up
"A woman without curves is like a road without bends, you might get to your destination quicker but the ride is boring as hell'