Hey PlayStation fans, we hope you’re excited about all of the latest news and updates we unveiled just moments ago. We’re always striving to create new ways for you to enhance your PS3 gaming experiences and this year is no different as in addition to the news that we shared with you today at the press conference we would like to officially announce the availability of the all new PlayStation Move Racing Wheel, a brand new peripheral for PS3.

The all new PlayStation Move Racing Wheel transforms your PlayStation Move motion controller into the ultimate racing experience, supporting any vehicle you choose to drive.

Highlighted features include:

Precise motion tracking for responsive handling of your vehicle

An innovative folding grip design will allow you to switch between racing a sports bike to a high-octane supercar

Feel the intense vibration feedback of your vehicle as you trade paint with the competition

Experience realistic gameplay action using the race car paddle shifters and motorcycle twist throttle controls

Available this fall for $39.99 (MSRP), the PlayStation Move Racing Wheel will support upcoming racing games like Little Big Planet Karting, in addition to PS3 racing favorites like Gran Turismo 5, Need for Speed: Hot Pursuit, BurnOut Paradise, MotorStorm Apocalypse, and more.

Stay tuned for more details on PlayStation Move and the PlayStation Move Racing Wheel right here on the PlayStation Blog.