Sometimes it does cost more to try to build your own than to actually
fork over the money you saved for a bit longer... and the results
are more durrable and accurate.
Still, its always fun to make your own equipment too.

If you are serious, you may wish to look at the guys of a real
trackball to see how they work. Using rollers with Rollerblade
bearings is much more realistic that trying to use only
ball bearings.
ANother thing you will need is a decent Laser mouse. Optical
mice usually are not accurate enough, and will cause problems
when the ball is spun quickly.
Ohh, I just remember another thing... the Other reason people
use Roller bars in Tballs, is because they amplify the input
mechanically... thus giving you a higher resolution. IE: the ball
turns once, while the small shaft turns 4 times. *that wouldnt
be easily possible on a laser mouse... which has only one input.
A really High resolution laser mouse Might not need and additional
resolution enhancements... but, Im not 100% positive.
And finally, actually, trackballs use mini-bearings, not skate bearings.
Smaller bearings seem to spin much better with less resistence. Just
FYI.