Ok, working on my first cabinet in 
this thread and decided to pause a bit and layout the CP.  Couple questions though.  I've been using MAME for a while now using a Street Fighter PS3 arcade style stick.  Standard six button layout with a slight arc to the buttons as in the first pic.  I've seen a lot of panels on this site though that use a seven button layout with the seventh button below the main six and slightly offset to the left.
  O O O
  O O O
O
Like that...  What is that seventh button for?  I've seen passing reference to Neo-Geo games but I don't understand. I've NEVER seen a game with seven buttons.
Ideas?