Yes, and no you don't need a wheel! You might have missed the recent sale, but I paid 20 quid for it as "Next Car Game" in early access, ages ago.
I haven't tried the MP yet. I just roll about on the figure of eight and destruction derby maps, relishing the destruction! It will look mental on your 980 with particle effects on max.
I must admit I haven't tried it with a controller yet (well, why would I!) but I'm sure it will be fine. It's that type of game! I think Kila's played it with a controller.