Thurstmaster Ferrari 458 will work on Xbox One. Refer to official thrustmaster page of the product http://www.thrustmaster.com/en_US/products/ferrari-458-spider-racing-wheel

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uHD is not ideal gaming environment at the moment. It will take some time for the technology to develop and deliver 4k gaming at high / ultra settings. Currently the best gaming system one should aim is ultra settings with a full HD/ high definition gameplay visuals.

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It's better to go for multi-display HD gaming setup such as dual or triple screen panoramic settings with SLI or Corssfire, instead of going for a single 4K display. This will give much better field of view essential for in-game performance.

@thehig1 i think 10K is too much, a playable uHD machine under high settings could cost something around $2500-$3000.