I have it and use it with GT5 and MW3. I like it a lot. I think the sound is pretty good but I am by no means an audiophile or have even listened to high end headsets. Voice quality is clear on both ends when using it to chat. I also think it is very comfortable and have worn it 3+ straight hours without an issue. I recommend it for someone looks to spend around a $100 for sure.
Mcfizzle, will this work with PC as well. considering they are USB , mainly because I switch between ps3 and PC and wireless would be nice with iRacing