im of the same mind. now that we are finally buying a house with a spacious garage, im thinking of building a cocktail table as well. as far as the monitor goes, i was planning on getting a video card with tv out and using maybe a 20 inch tv, partly because its cheaper and partly because the low-res look is cool.
y'know, if youre handy with a soldering iron, you could probably build the joystick youre looking for using a torn apart sidewinder and parts easily found
here. they dont seem to list prices (not obviously, anyway), but at one time they did, and i cant imagine the project being more than 50-60 bucks for a simple 2 button with an 8-way stick (or 4-way, depending mostly on the games you plan to play). still more expensive than what youre looking for, but isnt the satisfaction of building it yourself worth it?
~james