RE: Rc vs Game console
Since people have brought the PS3 in here, I'll throw something in to help.
PS3 > Xbox
PS Network < Xbox Live
PS Network = free
Xbox Live = 8/20/50
Then GT5/G25 wheel or Forza 3/MS wheel (or the Fanatec wheels if you can afford it)
Then use the leftover to build a drifter. But I'm more of an onroad guy, so that's just me.