IMHO, that amount of steering range will only be annoying if you set the game up to use all of it.
In LFS for example, for 90% of the time I probably don't use the full range (except perhaps for the LX6, to "catch" the damn thing
).
On the plus side, it'll probably give you great precision.
BTW, for those that can't afford a wheel (or don't want to buy one), a good alternative might be a joystick.
Way, way back, I used to race with a joystick, and that worked really well.
A joystick is cheap (at least here it is), it will give you decent precision, and a reaction time that's probably better than a wheel.
When I switched from a joystick to a wheel, it took a long time before I did better with the wheel, and even then it was marginally better.