Great game and it works surprisingly well with my Steelseries SRW 1 wheel. Enthusiasts might think i am crazy but this wheel-gamepad hybrid thingie does work surprisingly wall if you play too casually to mount a wheel all the time. Now i only need some skill to actually drive properly. I am like 4 seconds behind the AI on malaysia. That being said: Best game i played since live for speed. The cars really do feel like they should.
Don't worry, you're not alone... I'm pretty terrible, too Usually several seconds behind by the end of the first lap!
I have this wheel too. But mounted it on my g25. LED isn't working in rF2. It works in Simraceway and rFactor 1. For rF1 you need the "WheelPlugin.dll" and "WheelPlugin.cfg" from Simraceway's Plugins Folder. On Steelseries.com you can download a little .exe driver for the SRW-1. Makes the LED working with some games. (F1 2011,...) But this driver doesn't work good, at least in F1 2011.
I have receive mine today, it's very very good wheel. for LED probably waiting for next driver update.. or ISI rF2 update...