Thought I'd post some pics and info on my racing / gaming cockpit.
Cockpit itself is an Obutto. Awesome set-up for the money. Super sturdy construction that won't move during gaming. Chair itself is a racing style seat. Can be adjusted just like a car seat (moves forwards and back, and also will tilt back). Super comfortable. Side table is adjustable and can be moved to your lap for PC gaming. Very reasonably priced for the quality of the unit.
Its currently running a PS3 (usually with Gran Turismo 5, but can obviously play other games or with other consoles or PC).
Also hooked up a Logitech G27 racing wheel. Comes with a gear shifter and racing pedals that are hard-mounted to the rig. G27 has awesome force feedback (corners are harder to steer in, wheel fights with you as would a real car). Super smooth and quiet wheel. Wheel and shifter mount easily to the cockpit with included clamps (I also put some cheap rubber underneath both to ensure no movement at all).
Has a Yamaha 5.1 receiver for stereo sound. 4 speakers currently hooked up.
Sub is a Buttkicker (which easily clamps under the seat). Actually shakes the chair when you hit corners or skid out. Adds great immersion and realism.
Here is the website if anyone is interested.