Heh, I changed my mind actually. I was about to try to use the GPIO, but I realized, again, the input lag only annoys me in some emulators. For instance, I cannot notice the input lag in MAME4ALL. Or it's so low it's acceptable. However, it's very visible in piFBA (try GigaWing !! You'll have trouble dodging bullets

. So I think I'll rather wait for improvements in the emulators. I would definitely contribute to a bounty / kickstarter to improve the state of emulation on the Pi.
As I said on another thread : the lack of CPU power is not at fault, IMHO, or it's just one variable. For instance, DoDonPachi is slower in Mame4ALL (have to use the turbo mode !!) but it's more playable than in piFBA as there is much less input lag !!