New sticks that do that? No.
Atari had a old stick with that, for the game xybots.
However, I don't like that interface. Say you want to turn 180 in ikari. That's four clicks with the mechanical rotary in either direction, but how do you do it with the two switch setup? Have to physically close the switch 4 times? (Turn, unturn, turn, unturn, turn, unturn, and turn) Far harder and longer to do than the origianl four clicks. Turn and hold the switch until the character turns 180? That will take at
least 4 frames, or else you can't turn the three steps between (45, 90, and 135). And that assumes the game is set to the quickest possible, which makes turning 45 and 90 harder.
There is a reason there was only one game that used a joystick like you discribed: the 12 click machanical rotary, and the optical rotary are far better interfaces for those games that used them. (Xybots only had 4 directions, while the other games had 8 or 12 directions.)
That's my 2 cents.
