What CRT TVs offer that crap? That's one thing I hate about playing on friends/family's HDTVs -- all the stupid fiddly enhancements you have to disable, and then there's
still display lag because it has to "process" the image somehow. Driving in Forza/Enthusia or even twitchy "arcade-style" racing games is just difficult; trying to play an NES/SNES classic that requires precise timing will make you pull your hair out.
A big fat CRT will always be my top choice, unless you guys can point me to an HDTV brand that's completely "hands-off" on the signal. And I mean
completely.
But wheel spokes are blurred in your real vision...if you just spin a 3D render the spokes appear to slow, stop, and reverse directions, like you're looking through a videocamera. That's similar to adding lens flare for "realism" (or bloom, although that at least conveys a contrast of lighting you can't effectively get from a display, when used appropriately).
I agree that the effect doesn't have to be so same-y for all wheels, but it's not really a big thing IMO.
That was always my go-to example when showing off the IBL when the game was new. It does a brilliant job hiding the fact it's a warped 2D panorama. I preferred the "alpine road" aesthetically, but the illusion fell apart so easily.