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I get your logic behind racing games. The only reason the PS3 has a better controller is because of the D-Pad. The 360's is more like another analog stick that just doesn't stick up as high to me, and the 2 REAL analog sticks being offset is just bad design for me. But hey - a lot of people play the 360 more than PS3, and probably feel the exact opposite. It's more about what you play more and are more comfortable using.

As far as the 3rd party controller, I don't know. That would be nice though, I'd buy a couple granted it was from a decent 3rd party company.