I thought maybe it was the console itself,
You use your momo wheel on a console?
Probably due to hardware-fault or so...check if it's all working in your windows-settings first .
I've also the black momo in use for now, but i do use the g25 pedals . ( g25 wheel is broken)
So i can't say anything about the momo-pedals , though knowing there are alot of issues with this wheel .
I actually haven't installed the original drivers, i just let win7 recognise them as a default controller , but i don't have a control-panel for it .