Okay, a couple of more-detailed pics:

From left to right on the 1" aluminum tube:
clamping hub #1
1 plastic spacer
pillow bearing #1 (in the channel)
gaffe tape for the mouse to read
pillow bearing #2
4 more spacers (to clear the wood screw heads)
clamping hub #2, screwed into
3/4" pine board square, approximately 2.5"/side
And here's a closer look at the wheel mount itself:

Basically, I cut a 2.5" square and found it's rough center by drawing 2 lines from the corners. Then I drilled a small pilot hole to act as a guide. From the pilot hole I then drilled about 1/4" into the wood with a 1" Forstner bit, to both give the tube something to sit in, and to center the pilot hole on the tube.
I then expanded the pilot hole out to 1/4" so that I could get a 1/4-20 bolt through. It just so happened that I had washers small enough to fit in the inside diameter of the tube, so I used those.
Once I had the holes aligned with the tube, mounting the steering wheel was easy enough, though a little fiddly because the center bore on the wheel is slightly larger than the 1/4-20 bolt I have. You can see in the video I didn't get it on there 100% perfectly centered this time, but I can always go back and lock in when this goes in a real project. Also, if you listen closely, you can just barely hear the smooth roll of the bearings under the, um... soothing music I forgot I had playing in the background when I recorded the video (don't judge.

):
I also want to note that I did in fact mount my monitor to this same unit, and aside from looking a little silly, it handled much in the same way. Definitely sturdy enough, and rotation was smooth and quiet - the monitor itself is heavier on one side, however.
Ultimately, Actobotics was perfect for this project (and I'm thinking about a homemade Star Wars YOKE now) but I don't think I'll use it to make a automated monitor mount mostly because it's just not cost effective. I've been looking at linear actuators on ebay that will be overkill for that and they only cost $50-60. More on that to come soon, hopefully!