you act as if every racing team has complicated data loggers - they mostly do not. Only few top teams in few top events use complicated equipment as data loggers, let alone simulators. Most real racing around the world is done at semi-amateur levels. They mostly have enough sponsorships to maintain their cars, if that.
This is not meant for them. This whole idea is meant for people who want to track their FT-86, so they can prepare better and analyze their laps (even with their driving instructors) afterwards. If anyone made $200 GPS with such features, it would be snapped by anyone ever wanting to attend tracks and be mandatory at racing schools and clubs.
In fact, similar hardware is a lot more expensive:
k:
http://store.traqmate.com/SearchResults.asp?Cat=55
And thats only for watching your replay.
Professional data loggers you quoted there are not meant for same purposes (of driver learning the track). They use simulators for that... and not every team in F1 has simulator, and even then, they are too big to carry around so drivers dont get to spend a lot of time in them which is why you had quotes of them playing GT4 to learn the track. But regardless, this is not meant for F1 drivers, nor BTCC, GT1-4, professional drivers.
FT-86 unit, if it becomes real life product, will give you tools to learn track, braking points, entry/exit speeds that rival very expensive simulators, and then analyze your laps afterwards. For amateur drivers that spend a lot of money on track weekends, and want to prepare better. If Denso ever makes standalone unit for this, you can rest assured that it will become mandatory at many racing schools around the globe.