I'm back... I've acctually finished all this before Thanksgiving. Then I was out of state for a bit.
Heres some posts on my progress.
I borrowed (without the intent of giving back) a cardboard box from work, and cut holes from various templates I found on this site and others.

I did not like the Street fighter layout. It was too uncomfortable for my hands. Also I wanted to use only six buttons, and I found that an ergonomic layout can be used for a 4-player Neo-Geo layout.

I finally setttled on a layout I found. I can't find the post again. But I used my Search-Fu to find an ergonomic layout I liked. It was provided by that "creepy prince" dude.

The scaling did not feel right. So I played with it using GIMP. I found this scale was the nicest.

The glue was dry and it was time to layout the buttons. As I said before I was going for more of a typical old school feel. So I cut the panel top as a rectangle.
Heres some pictures of the drill holes. I found that the drill bit chipped the ply on the backside worse than on the front side. I just taped my template. Drilled a pilot hole, and used a 1 1/18th bit. The buttons fit perfectly.
Tips for drilling:
1.) clamp the piece being drilled to a piece of scrap wood. This minimizes chipping.
2.) Do not force the bit. The drill should feel smooth. If you feel bumping. Withdraw the bit whille drilling a second before gently continuing.



I later realized that I forgot to drill the start button holes and the exit/pause hole buttons. I went back down and drilled them. My stupid drill jumped on the last hole!!!! Gougeing the wood!!!
I have:
Fixed the gouge with wood putty.
Sanded with a course ply paper.
Tested the buttons, and wired them to my IPAC.
I need to:
Finish the sanding.
Rewire the buttons.
Stain the CP and add a couple of coats of polyurethane.
Add Hinges.
Create artwork decals.
I'll post pictures later.