I noticed at OHN and S.S that many people are using PS2 pads on X360 with those XCM converters that are reported to have input lag, so I thought you guys might find this new converter very interesting. It is receiving very good feedback from the etokki.com thread on SRK.
http://www.etokki.com/Xtokki%20360[Xtokki 360 Features]
- Converts PS1/PS2 controller to XBOX360 with no delay, lag or dropped inputs
- Directly connect & play without the need of a wired Xbox360 controller
- Supports Xbox360 headsets
- Supports vibration feedback
- All buttons, directional pad, and analog sticks are fully converted
- PS/PS2 controller's ANALOG button acts as the GUIDE button
- The converter has a GUIDE button on the side for PS/PS2 controllers without an ANLAOG button
- Features 4 LEDs to indicate connecting status and player assignment
- Features a toggle switch on the back to choose between "Wheel Mode" & "Pad Mode"
- Multiple Xtokki 360 converters can be plugged in simultaneously without compatibility issues
- Can also be used on PC when you install MS official XBOX360 controller driver for your OS
- Features a long USB cable at 1.80m