I can confirm that JoyToKey applies mouse emulation to the Joystick's hat switch perfectly. I have a Saitek X-45, but because of driver issues, JoyToKey is the only way I can set up extended functions of the controls--but I think it is probably better anyway, there are virtually unlimited options in setting up your stick and throttle. With the hat in mouse emulation mode, the response is smooth and instantaneous, and appears to have no ill-effects on game performance. Also, you can customize the speed at which the hat switch will pan your view, or you can set it up so that by pressing a button or key, you get a slow look-around for normal flight, or by using it alone, you get a quick look-around for combat. It is a very simple, but really powerful and well thought out application.
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