In case someone else gets their hand on a Pelican Universal Real Arcade joystick, it's actually pretty good. It does not seem to work with PS-USB adapters on the PC, but a very simple (and cheap, from eBay) XBOX-USB adapter did the trick quite admirably.
The stick itself really doesn't feel too bad at all, but for the arcade junkies out there, apparently you can fairly easily put original Happ arcade parts in it for an even more authentic feel.
I'm already happy, and my scores have gone up

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-Christian