Hey ark_ader, I beat you to it. I got my HAMA thing, and had it in bits about 10 minutes after it arrived

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It uses a different chip to the smartjoys so it is not a derivative, it is a different design, it uses atmel chip instead of cypress. I think it has a lot better build quality and there are LED's and complex circuitry.
I connected it up and it worked straight away with my PS/2 keyboard as input. The key mappings are different to the smartjoy but that doesnt really matter.
A significant difference is that this device has key mappings for left and right sticks and for mouse/trackball input the analog is true analog i.e. it has multiple values, rather than just on/off like the smartjoy.
I haven't done an encoder hack on this yet, but I took some pics.
If you are going to do a hack you will need to check for blocking when using multiple inputs. It uses different keymappings to the smartjoy and I havent checked these out or tested yet. I think I can get around any blocking issues by adding diodes but not tested this yet.
It's not the easiest box to open, you need to remove 4 screws and then pull off the green plastic clips from either side. Squeeze these tight and pull out.
You can remove the HAMA logo at the top to provide exit hole for wiring. No reason to remove the memory card slot on this one.
Here are some pics...
