That bizarre looking contraption pictured to your right is the PlayStation Move's official racing wheel. You may recall us picking up on a patent for a similar looking device earlier in the year.

The docking station is actually packing some pretty cool features, including the addition of a complete control layout and rumble.

Meanwhile, the sticks on the side of the peripheral can be flipped out, transforming the steering wheel into an, er, motorbike.

Apparently the device is compatible with both current and future PS3 racing games. It'll launch for $39.99 later this year.