Honestly from what I've read For new PS4 users wanting a decent, not-over-the-top-pricey compatible wheel it's either the G29 or the T150
Positives for Each, in comparison to each:
T150 is stronger FFB, better detail FFB, no "centre 30degrees of deadzone" and slightly smoother wheel turning, solid quality metal Paddles for shifting gears. Also 1080degrees whoop whoop
G29:Way better pedals(3 of em too), kinda better wheel materials(personal preference thing, G29 wheel materials should technically last longer before showing wear), comes with plasticy but certainly durable H-shift(T150 doesn't have one).
The T150 also happens to be around 50 euros cheaper, and is perfect for those not knowing if they are completely into the sim racing scene yet. It's properly good for Entry-level material but also I'd say it's even good enough to suffice for more experienced wheel users that don't have their usual High-end budgets available. So I'd recommend the T150 for anyone on PS4/PC/PS3 as the new entry-level Wheel (Previously replacing the now discontinued DFGT, which also the T150 just performs a bit better in practically all areas)