Saying it sucks is not only false on the grounds that he said he got the best lap times using it, it is also (I guess a part of the first point) a subjective opinion. Just because the view may be "unrealistic" in your opinion, does not make the views efficacy any less manifest. The naked view, in my opinion, is the optimal view in a racing game. I see the wheel and hands etc., as slightly distracting and unnecessary. If your using a wheel, then just look at your wheel and your real hands if you have that need during a race. If your using a controller, you don't really give a s*** (censored).
I guess to me its a matter of input vs. what that input is actually doing. Racing is thrilling for many different reasons - all of which primarily converge around the idea of going as fast as possible within controlled parameters that are not always known, that we attempt to discover by pushing these parameters, (exploring limits, etc. etc. etc.). While seeing a pair of hands and a steering wheel may make it seem more psychologically "realistic" because we are used to seeing things this way, its not necessarily the most fun or realistic in terms of eliciting the sensation of racing.
My position is that the naked/bumper cam view, while not 'technically' realistic for a variety of factors explained above, is more "immersively realistic" (I know immersively is not a word).