-UPDATE- -- Converted cab into dedicated vertical machine Check it out.
I finally made the conversion to vertical.  I also made a video you can watch with me explaining what I did.  I'll also post good pictures of it because the quality of the video is just plain awful.
-Old news-
Hello everyone, this is my first post I believe.  I just about finished my own project that I have been working on for about a year now.  I'm pretty satisfied with it except that it doesn't have a 4-way stick.  I was thinking about adding one to the control panel, but I won't be doing that for a while.  I posted some videos of it on youtube that I'll link below.
I bought the cabinet from a guy locally for $50.  It was an old phoenix cabinet that had been gutted long ago that was missing it's coin door and control panel.  The sideart and marquee were in rough shape.  I made the mistake of buying an x-arcade tankstick instead of making the control panel myself, but I'm sure almost everyone makes some bad choices with their first project.  I had to cut into the cab in order to mount the panel to the cab.  This was another mistake of mine.
Despite my regrets, I'm still happy with what I got.  
You'll also notice I swapped out the x-arcade sticks with sanwa jlw sticks/square gates.  I left the buttons stock.
I bought an old coin door from Arcadeboneyard.  I removed 1 button from both players and ran the micro switch to the coin doors so that whenever the coin return button was pressed, it would add a credit to the game.
Since the panel is an x-arcade product, the adapters let me link the system up to both my ps2 and ps3.  Due to this fact, there are a lot of cables running inside.  I did my best with organizing the cables by strapping them together, but it's still a mess in there.
Tell me what you guys think of it.  Be sure to check out the final video for it's also my latest update.
Videos