I found solution to make R3E wheel as good as Race07/GTR Evolution wheel, a huge difference can be done using all missing Race07 parameters and there's lots of parameters not included to R3E. But because these games using the same game engine so you can use the same parameters if you know or find a way to do it. Only problem I found was that the game overwrite parameters not recognized so you must set file's parameter ReadOnly="0" to ReadOnly="1" to keep these added extra parameters (tested this yesterday but only with old file, then one parameter removed by the game as the the game did not recognized it).
Today I did more changes and added ReadOnly to 1 and game keep all added extra parameters. Tested Bathurst with very fast car and now the game is much more driveable so it works.
Checked file after the driving and all extra parameters still left, car is much more driveable now.
I shared my old file yesterday, that file not include these Race07 parameters I added today. I can't share this updated file and the reason is that you have to own your own copy of Race07/GTR Evolution to do this correction by yourself. I'm not sure if Sector3 did this wheel setting change on purpose but as the game is freeware so it's not full simulator like Race07, it's just the way to become familiar with sim racing and then you can buy Race07 and find more options and better more realistic simulator, thought.
So
floating is gone...
yes it is! Wheel feels as good as it was in Race07 so it seeems this really works, if you can so please test this change and confirm this found, thanks!
Please Sector3 tell us what is your policy about this, thanks! Why all those Race07 parameters missing? Because the game is free? But it's not totally free as you can buy more cars and tracks so also wheel should be as good as possible, but of course only after the first purchace