I really can't say i'm afraid. The first time i even saw that wheel is when i was looking at the logitech download page the other day.
It doesn't look PS2 compatible, button wise, so even if it somehow uses the same internals and is recognised as a DF on a PS2, it'll be pretty hard to use.
Do you know anyone with a PS2? If so, it can't hurt to give it a try.