I can't tell if you're trolling, serious or just stupid.![]()
I'm going with option 3!

Racing wheels are designed for and licensed to be used on the Xbox. It's up to you if you then want to buy one. Also from what I've heard, in the majority of racing games, pad players usually beat people playing with wheels, despite the wheel being a more authentic and enjoyable experience.
This is an unlicensed product that currently even uses Microsoft's own tech. If they try and increase their sales, which they are obviously trying to do with XIM3, they are just drawing more attention to themselves and Microsoft's lawyers.