The test were run and the verdict is in. SRK resident tech genius Toodles ran tests to finally get to the bottom of ongoing speculation about wireless joysticks and their performance as compared to wired joysticks. Most contend that wireless joysticks are not reliable enough (due to wireless latency etc.) to use for fighting games. Partially due to my instigation in a thread at SRK Toodles got the parts he needed and ran his tests. His Xbox 360 tests found that Xbox 360 pads were on par with their wired counter parts. His PS3 tests also found that wireless Playstation 3 Sixaxis pads were also on par with their wired counterparts. For his PS3 tests he used his own Cthulhu board.

Side Note: Instead of using the "guts" of a PS3 controller to create an arcade joystick many now opt to use the Cthulhu because its more cost effective and MUCH easier to wire up to buttons and joysticks. They also work on PC's. I highly recommend the Cthulhu board to anyone wanting to create their own PS3 wired arcade stick.

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2. Street Fighter IV Arcade Sticks, Pads Revealed
3. [UPDATE] Street Fighter 4 Arcade Joysticks and Controllers
4. Xbox 360 April Fools: Wireless Helmet, Vintage Edition
5. GameManx Podcast Episode 10: Fall Releases & Joysticks