"So the bottom line is that the G29 is recognized as a Driving Force GT on the PS3. We had hoped it would have the same functionality as the G27, but that wasn't the case. If you watched our first look of the G29 on the PS4, you would have seen that the G27 shifter worked great on the PS4 while being used with the G29 base.
If you're looking for a wheel for the PS3 and was considering the G29, you should probably just go with a G27. Now if you want a wheel that's also compatible with the Playstation 4, then the G29 is the way to go."