well... easiest way to make a trackball for control panel...
and probably one of the cheaper way.... (I think....)
is to buy a kidsball... (now called crayola trackball)....
I got 1 from overstock.com.... like $32....
and it just plugs right in and works..... (serial.. not ps2...)
according to what I read from others, you can just take the top part of the case away and mount it under a panel....
I find the trackball well enough for me....
(but I have read some people say its feel is not arcade enough....) so... depends on how authentic you want....
hope it helps....
