Well considering the f1 series is made by the people who make the dirt series (the most recent one supported the t500), I think its safe to assume f1 2011 will also support it.
If you call a 300 euro wheel having a third of the FFB strenght, of a 100 euro wheel (DFGT), support than I guess it is supported
It sure works but not as it is suppose to work and it isnt fully supported and thats a fact... unless Im missing its pic on the supported wheels in the settings....
Those are the keywords. Saying it's not supported may confuse some people into thinking that it doesn't work with GT5. It's supported, just not fully supported.