Sorry, just saw this. If you mean for PC racing, then yes, I'm afraid you will have to get a new wheel. The MS wheel won't work with feedback plus you'll need to buy a wireless adapter for the PC too. Depends on your budget but if you want something under £100 that will give you good feedback, I'd recommend the Logitech DFGT wheel of if you want to go a little higher than that, you won't go wrong with the G27. You don't get any feedback through the pedals but they certainly have better resistance than the MS kit. Then if you've won the lottery, then perhaps the Fanatec range of wheels and pedals (I need to win the lottery LOL)
If you're mean for XBOX 360, then I think you're limited to the MS wheel or Fanatec. I know there are other wheels out there but nothing that's worth getting rid of your MS wheel for other than Fanatec.
thanks justin,, thats what i thought.. new wheel and a decent pc then it will stay racepro for now, maybe pcars later
feedback on pedals would be great i think, that is what i miss now sometimes, but mswheel is pretty good with racepro, but ive never raced with another wheel