Got it for PS3 and liking it so far, although there are a few issues like the force feedback does not work correctly w/the Logitech G25--the wheel vibrates constantly whenever you turn the wheel (similar issue to Ridge Racer 7) and there is no ffb difference when you hit the wall, car, grass, etc. Hopefully, an update will fix this issue, but I just de-activated the ffb in the meantime. In addition, the multiplayer cars move erratically, but I think this may be if you and/or your opponents have slow network speeds.
Other than that, it's a nice arcade port--the graphics seem faithful, except with HD widescreen video and the lack of pop-up/draw-in issues of the original. You can use either the H-shifter of the G25 (most likely G27 too), or a sequential shifter.