Microsoft today announced that they have reduced the price for the Xbox 360 Wireless Racing Wheel. The peripheral now retails for $99, a price reduction of $30. This newly priced Xbox 360 Wireless Racing Wheel is also bundled with a driver disc and a demo of Forza Motorsport 2 with full force feedback support.

The Xbox 360 Wireless Racing Wheel is compatible with several racing titles, including Forza Motorsport 2, Project Gotham Racing 3 and 4, Need for Speed Carbon and DiRT. Forza Motorsport 2 is, incidentally, bundled with the standard and Elite packages of the Xbox 360 this holiday. The standard and Elite packages with both Forza Motorsport 2 and Marvel Ultimate Alliance will retail for $349.99 and $449.99, respectively.