My personal plan is to have a spinner and trackball that are always connected, so I can skip over a lot of what was just discussed, correct?
Correct - you could also skip over it if your spinner was permanently connected to the mouse hack, even if you plugged and unplugged the mouse hack from the PC.
At least I think from what someone posted, I should be able to connect both at once using a mouse hack (assuming I figure out how to do that).
Correct, either using dual USB mouse hacks (preferably with different brand mice) or by using a DPDT switch as shown in the link to OSCAR's page above.
Anyone know if there's mouse hack instructions in there?
Dunno, probably, but OSCAR sells them pre-hacked for $9.00 or with buttons and $12.50. For the effort involved, I would just buy from him unless you a) really enjoy soldering stuff, b) need the satisfaction of doing stuff yourself, or c) are REALLY cheap.
Also, back on-topic

I understand OSCAR's comments, but if I hook the trackball and spinner up to the interface as shown with a DPDT swithch, am I not in effect briefly disconnecting one device and connecting the other without disconnecting the USB cable, for the brief time that the switch is between positions. I suspect this whole thing is similar to hot-swapping PS/2 mice and keyboards, where in theory you could damage something, but I've never heard of it actually happening.