1: Purchase the bi metal hole saws. You only need three or four sizes at the most.
2: Purchase a can of cutting oil and don't be shy with it. Hole saws get hot REAL quick so oil it frequently.
3: Purchase a small drill press from Home Depot.
4: Use it to drill all your holes (make sure you choose the right size hole saw because if the hole is not quite big enough you can't just grab the next size up and ream it out as hole saws don't work that way. You only get one shot at the hole.
5: Check all the hole sizes by placing your buttons,joysticks,spinners ect...into the holes and make sure they fit before you put the drillpress back in the box.
6: Return the drillpress to Home Depot and tell them that the thing does'nt have enough power to drill through melted butter and you want your money back.Don't worry,they will just put it right back on the shelf and resell it. God knows I've gotten stuff from Home Depot that was broken or missing parts.

Its time to get some redemption

Probably not the most honest solution but none the less its a solution.
Tip: Drill test holes in a piece of 1/4" plywood and place controls in them and check for fit before you commit to the hole saw sizes that you have chosen. Check twice and drill once,measure twice cut once. (tips from my ol' man) Don't wimp out and build a wood cp. Metal cps rock! and they also don't limit the types of pushbuttons you can use like 3/4" wood does.
Good Luck

S.M.