I'm a big fan of racing simulations on the PC, not really arcade style games, other than a few. I'm a big fan of Formula1, CART & Rally. I also love the demo for Need for Speed Underground 2.

I'm considering getting a game console. Either PS2 or XBOX but don't know which one would be best.

I want the system that offers the best selection of racing simulations, and also the one that will allow me to plug in my Logitech MOMO Force racing wheel.

I know very little about game consoles. Any recommendations based on my need would be appreciated.