I know there's some motorcycle racing fans around here and I hadn't seen a mention of this...
GP Bikes Demo Available Features:
- automotive industry-standard tyre model
- dynamic track surface groove buildup
- wet track simulation and dynamic drying
- dynamic marbles generation
- tyres pickup of marbles, grass and dirt, affecting grip
- output of CSV files with telemetry data to analyze riding sessions
- a plugins interface allows external programs to receive realtime data from the simulated bike
- LAN and online racing. Dedicated server available
- advanced users can build new tracks and integrate them with the provided tools
Not sure how it would work with a standard wheel, but I do know that MotoGP's one of the best racing series to watch, excitement wise.