I've tried for a long time to get mine to work in XP, but no luck. The logitech site says they no longer support it, but there are some new drivers/patches for download, but nothing for XP. If anyone develops or finds an XP driver I'd be interested, too. 
i have not tried that hard yet because i still use win98 on my cab and am considering upgrading my spinner..but...
In principle the serial connection is just like a mouse. I discovered this years ago first with the genius mouse driver...then I got is also to work in dos with the generic mousedriver that comes with advance mame...so some generic mouse driver might also work under xp...
another route would be hacking the ww and connect it to the guts of a mouse...if someone manages to do that with some ease...please share the info :-)
peter