Not sure where that "Wireless Racing Wheel" is coming from but this looks like the same holiday bundle that every place has with Forza and Skyrim. And Microsoft actually dropped the price on all the 360 models across the board by $50 so this is exactly MSRP, not a deal at all. Even Gamestop has this bundle at $250 and they discount nothing.
If you absolutely need a 360 right now this is a pretty good deal but there should be some insane deals for Black Friday if you can wait a month as this is going to be the last one for current-gen consoles....
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