First person. All you console kiddies with your third person perspective will be exceedingly jealous when I am playing the game in true first person with an Oculus Rift and Logitech G27 and you see my video plastered all over the internet.
1st of all, true first person would be you in the actual car. Like when you drive in real life. That's true
2nd of all, devices like Oculus Rift has been done before. They always fail. And I actually know someone who has been "lucky" enough to try it. He said it was uncomfortable to wear and that its just screens close to your eyes. Nothing special. Its not VR. He was not impressed by it at all and called it overhyped bs. He also said that there are going to be people complaining about getting headaches from using the OR, due to the screens being so close to your eyes, causing extra strain on your eyes.
3rd of all, no matter what devices you use while playing, you'd still be playing the same
4th of all, if you are waiting for PC version, that means that you are not playing the game yet. So why are you in a thread about a game that you have not yet played? If it smells like a troll and looks like a troll, it is a troll.
Now OT: I only use 3rd person view. I used to use the cinematic camera a lot in IV, but I only used it once in V