I do have a drill press for drilling. The U-Trak has blind mounting hardware, so I don't need to drill through the panel for that. I picked up some blind mounting hardware from Ultimarc for the U360's so I don't need to drill through the panel for that (yea!).
I just found I had a 28 mm hole saw (buttons and SpinTrak). Andy suggested a 20mm hole for the joystick itself, I should be able to find one at a local hardware store.
So, I just need to figure out how to drill the 3 3/8" (86 mm) hole for the U-trak. My router skills are not real good.

I attached a picture of the what my panel is going to look like. It is basically the panel from the book (without the 3rd joystick) with a couple of spacing changes based on the different mounting panels.