Racing Wheel options?

I’ve always wanted a newer wheel but I never could justify(ok I couldn’t ever get permission) to purchase one. Now I have the go ahead but I’m stuck with a major dilemma. This being my first Forza game(didn’t own a 360) I never encountered the compatibility problem between PC and PS3, my very old Logitech Wingman wheel worked fine. A friend of mine has a very nice Porsche wheel that he paid a lot of money for and works on the PS3, 360 and PC and talking to him didn’t yield much since he has yet to make the leap to the current generation consoles and hasn’t explored any new options.

I don’t mind dropping a good amount of money on a wheel from a company like Fanatec but only if it’s cross platform compatible. I do mind having to spend my budget on 2 mid range wheels vs 1 top end wheel. If it comes down to that I’d likely forgo using a wheel with Forza and spend the money on 1 wheel for the PS4/PC. I don’t like that option because it would likely lead to a big lack of interest in future Forza titles, a franchise that I’m sad I missed out on last generation. This isn’t a purchase that will be made immediately but with the possibility of GT7 late this year and Project Cars set for Nov it’s a purchase that will likely be made before the end of the year.

Any input would be greatly appreciated.