From the video its using the same ffb as the g27, minus a shifter and the buttons that were on the shifter are now on the wheel with likely less buttons overall. Raise the price I have seen elsewhere mention of $299 euro for wheel and $80 euro for shifter so by the time they convert this to aussie peso's it will be around $650 lol.
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Also in the video they mention that its very strong, lets hope they have adjusted the wheel hub plate to be aluminium and also the mounts in the base so the wheel cant rip off in your hands like it did my g27. Logitech said that it was a common fault and so replaced it before even physically seeing my wheel.
Had they thought about it properly they could have made a new base with changeable wheels. Make a rim for PS4 and XB1 then also have options for more rims for pc. That would have been worthy of an upgrade for g25 g27 owners but as is I think youd be silly to get this unless you are running a console over the other wheels from Thrustmaster and fanatec.