I do have a wheel, a Logitech G25 (shame the support is so poor on PS3 so far) but can't currently use pedals as my right foot is in plaster, thus the source of some of the boredom ha ha, could just use my left foot - need to sweet talk the gf into getting the wheel back down from the attic!
I'm not that fussed about racing online, just putting together a good lap and then slowly bringing the lap times down like you would for real. The time I've invested in learning the Nurnburgring is quite scary.
LFS looks like a good candidate, I've got the demo and so can go for a spin as it where...