Need to say more? http://www.virtualr.net/xbox-360-f-1-converter-first-video/ Not working perfectly yet but thats just a matter of time
Very interesting. Unfortunately with the lack of wheel support by MS and Forza being re-released to have Kinect support, MS has killed any hope of the xbox being a viable sim platform. It is too bad, since they have the technology to do it, but capturing the casual gamer market is more important to them.