it works flawlessly with the version 4.xx of x360ce.
you should use the anti-dead-zone option for better results.
if you own a logitech wheel, go to the logitech driver to add a centering effect.
if you use another wheel (like me: Fanatec), then there will be no centering effect on the wheel.
Suggestion to x360ce developpers: could you add a wheel centering option, please?