I've been driving this sim for a little while now.
The experience overall is great. The sound and graphics are good, And you can drive very quickly pretty easily.
However once you go past the limit it's a bit skewiff. If you've played Race 07 you'll already know what trying to put the car sideways is like (in all fairness though, it's not as bad as Race 07) - Off the stops to get fairly mild drift angles, and then snap transitions with little or no warning. That said, I found myself spending a lot of time in the E30 M3 D1 skidding around with relative ease. It does feel pretty good for driving a fair few of the other cars fast though - in particular the Fiat 500 surprisingly.
The force feedback I would say is slightly better than LFS in some ways, but also lacks the 'grip' feeling that you get in LFS. This doesn't communicate to you what the car is doing as well as LFS does.
In all I'd say it's less LFS V2, and more Race 2014. It has the general 'feel' of Race 07, but with updated graphics and tweaked physics that are better beyond the limit. However I still don't quite rank it in the Top 3 sims. It's pretty close though, and of course it is a work in progress so it can still improve.
Even with all the above, you should still get this if the price goes down.