Not only are the first party controllers for Xbox 360 coming fast and furious, third party manufacturers are also getting into the game. This time, Mad Catz is putting out a retro arcade joystick controller for the 360. It's got the same amount of buttons as a regular 360 controller, except instead of a stanadard left analog stick it has an arcade stick.

It's, conveniently enough, called the ArcadeStick, and should be released October 1 for $70. We're not sure if it's going to be wireless, but it should make Pac Man and Frogger more fun to play on Xbox Live Arcade.

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Update: Good news! We just heard from Mad Catz that the real price is $49 and it's going to come with free copies of a few Xbox Live Arcade games&madsh;they're still deciding on which ones. I'm going to try to make sure it's ones I don't already have. Tee hee.

Mad Catz Xbox Live Arcade Retro Stick [EB Games via Kotaku]