I thought another difference between the KeyWiz and Ipac was that the IPAC allows you to have an attached pass-thru keyboard connection active at all times, where the KeyWiz requires the user to flick a switch on the encoder to indicate that the keyboard is now active. So if I wanted to pull ut my keyboard to press a few keystrokes to change a configuration or something, then I could do this with the IPAC2 no problem, but if I had a KeyWiz then I would first need to lift my control panel up and flick a switch on the encoder module first, then use my keyboard directly (of course when I was done, I would need to flick the switch back).
You are correct. Personally, I find this fairly highly over-rated - but then again, I feel that way about Shift Functionality and Shardian feels that way about number of inputs, so . . .
First off, I use a desktop CP with my KeyWiz. It would be nice to have a USB keyboard hooked up, but b/c I use XP, it won't recognize the KW unless I have it or a PS/2 keyboard plugged in at bootup. So I use a PS/2 keyboard and hot-swap it for the desktop CP. I
could plug the PS/2 keyboard into the KW and flick the switch, but it is just as easy to hot-swap the keyboard back in place of the KW.
If you have a dedicated arcade cab, you could use a PS/2 keyboard with the I-PAC's pass-thru, or you could run your PS/2 keyboard through a USB adapter ($8-ish) with the KW, or use a USB keyboard ($10), or a wireless keyboard ($20-ish). Or you could just unplug the KW and plug the PS/2 keyboard into the mobo and then replace the KW connection. Basically, the USB keyboard eats up some, but maybe not all of your cost savings with the KW, but the pass-thru wouldn't be my primary concern.