That is an awesome deal. can't beat it if you like racing games. GRID and DiRT 2 are awesome, TOCA 3 is V8 Supercars Australia (that's what its called here anyway, same game though)
I've got GRID - and played the Dirt 2 demo. Both are very fun to play - offline. I imagine even better online.
I did play GRID once online with keyboard. Drifting was impossible - and it was hard to accellerate with the arrow key - b/c it's all or none - but the driving was still fun.
I'm still debating getting the package myself - just to have. That way I have more incentive to snap up a wheel when a cheap one goes on sale somewhere.