You mean like this one??MadCatz MC2 Racing Wheel
As for Vibration Vs force feed back. They are very similar in the end result.
Force feed back (at least the last time I tore one apart) uses some method to tighten and loosen the steering shaft making the wheel harder or easier to turn.
Vibration makes the Wheel shake when you hit something in the game
Its nice to have both but without vibration force feed back feels weird.