first of all, welcome to the forums. the virtua fighter cabinet looks pretty nice..although i dont know what size of a monitor it would take. depending on what you are looking for, you may be able to find an empty cabinet for alot less than that. are there any places with arcade cabinets in your area? if so, talk to the owner..see if they own the cabinet, or if it is from someone with a local route or something. i found a local amusements place..this guy has cabinets in several local businesses around town and he maintains them..i got an empty cabinet for $20...it wasnt exactly what i was looking for, but with a little time and effort, i made it work for me.
woodworking isnt too hard if you have the tools...when i first started, i had only a jigsaw, drill, and a dremel...and that was enough to get the job done. now that i have a few more tools, i am getting ready to redo my control panel....my point is, don't expect to do it once and be 100% satisfied. i'm getting ready to build my 6th control panel...each step it gets a little closer and closer to what i wanted it to be...but as you use it, you will more than likely find things you would like to do differently.
take your time, plan everything out. make a cardboard mockup of your panel before you make the actual panel...and be prepared to build a new one in a few months. i'd probably hold off on the control panel artwork and things until you use your panel for a while.
if you are worried about space...the ultimarc u360 sticks can work as both 8 and 4 way, so you dont need a dedicated 4 way stick
good luck