Wow, thanks for all of the information guys! I think this is the route I'm going to go with my CP (of course, nothing is written in stone, OR Lexan...)
1. I think I'm going to use the switchable 4/8 Way sticks at GroovyGameGear.com (the Omni-Stik). They are a little more costly than other sticks, but after doing some research I haven't found anything bad about them. Also, if they DO decide to go with the classic "Pac" look for the next run of these sticks, that would be doubley great. So, instead of having to daisy-chain 1 4-way stick to an 8-way doohickey, I'll be able to have 1 player 1 stick and 1 player 2 stick. It SOUNDS like a great idea.
2. I think I am going to try to Daisy Chain with the Crimp Quick Disconnects. I'm really actually happy that it doesn't look like ANY soldering will be needed for my Control Panel. This is a good thing. I have the manual dexterity of a 600 pound Canadian Pro Wrestler, so any small finese type work that I can avoid will be helpful.
So, if I understand the Daisy Chaining method correctly...I will run a free wire from one of the Ground ports on the IPAC. I will run this to the first button/joystick ground switch, and I will crimp it into a Quick Disco plug. I will also crimp in a second wire. This second wire will run to the NEXT switch, and I will then repeat the process. Does that sound about right to you all? Good lord, the last thing I need to is to not ground things correctly and have my entire house go up in flames...all because I wanted to play a little Donkey Kong (but, you know, the risk is SO worth it!).
3. Um, this isn't really related to Daisy Chaining, but I thought I would design the layout by doing this: first, buying all the parts I need (2 Joysticks, buttons for Player 1 start and Player 2 start, Coin button, Screenshot button, Escape button, and six player buttons for each player. I know that's a buttload of buttons, but with only 2 sticks on the board, I want to make sure I have enough buttons to go around). Then, I will get some cardboard or some poster board or something. I will think of a good shape, then sit the board down with all the crudola on top of it. I can play with some layouts, then, once I have what I want, I've got a spiffy template. At least, that's how I WANT it to go.
4. As far as decorating the CP goes, I was thinking of painting the bad boy first, then using a combination of 80's stickers and all that new trendy 80's crap from like your local Hot Topic to decorate the CP. Of course, if I were to go THAT route, I might almost be better served to make a happy control panel layout graphic in Photoshop, then take it to Kinko's and have them give it print love. THEN, I could laminate or something over top of it to give it that nice protected look. Oy vey, so much to consider.
Thanks for reading my ramblings and answering all of my questions. Good times. As far as hobby boards go, this is the most helpful group of people I've ever seen. Good times once again. It is making this task a little less...well...daunting I suppose.