From my extensive research of forums and reviews prior to buying, I'd summarise the following joysticks that I looked into buying. Listed in price order : cheapest first :-
Thrustmaster T Flight X HOTAS
Cheapest HOTAS worth considering at about £35.
Cable between throttle and joystick can be too short to stretch around a keyboard.
Dead zone reported by a significant number of people.
Robust build quality.
Light Throttle.
Rocker control.
12 buttons and a hat.
Silly name.
Saitek X52
Lots of build quality and short lifespan complaints with flimsy buttons and hats that stop working after a while.
Accurate control (smaller dead zone).
Lots more buttons and hats so more likely to be able to configure the stick how you want.
Double the cost of the TM T-Flight X HOTAS.
Saitek X52 Pro
Same positives as for X52.
Better build quality but very expensive (4 times that of the Thrustmaster T-Flight X HOTAS).
Thrustmaster Warthog
The business. Everyone loves it.
Solid as a rock.
Ridiculously expensive.
My gut feeling was that the best sticks to play the game were indeed in price order from most expensive to cheapest. But that the best were silly money (subjective I know).
I decided to go with the Thrustmaster T Flight X HOTAS, thinking that if it is no good, I've only lost £35 and my kids were looking for something to get me for birthday and Christmas. I had decided against the X52 because I remember the old days (Amiga era) of joysticks dying after a few months of play and how annoying it was, since I'm a careful person with kit. So, my next port of call would have been the X52 Pro or possibly the X55 depending on how far in the future we're talking.
Anyway, the TM TFX HOTAS arrived a couple of days ago and I played Oolite on it.
I plugged it in (Win 7 Ultimate 64 bit), the PC found a driver and it was up and running.

There's no noticeable dead zone at all on mine.

The cable is long enough (about 50cm) to go around my normal sized keyboard (with number pad etc), but I didn't really care about that, as I always intended to play with the throttle and joystick combined.
The buttons all have a nice click to them and they mostly cover sensible ergonomic places. Better placings than a console controller IMHO.
The rocker behind the throttle has a nicer feel to it than I expected.
The mapping of keys via the Oolite control settings page was not great, but that is Oolite not the stick. I know from the Alpha videos that ED has this area better covered. Remembering which button does what is going to be difficult at first. I think I'll be drawing myself a picture to stick in front of me as a guide for a while. If for no other reason than to prevent the following :-
Me: “Now I think this button scans the ship in the gun sights.”
~Click~
Ship’s Computer: “Missile Launched.”
Me: “Oops!”
One hint : Don't order from
http://www.shop.bt.com (the BTShop online). Even though it is listed at £30 there. Mine 'was' ordered from there prior to Christmas. Despite the BTShop apparently having it in and out of stock repeatedly during the next month, they decided never to send it. We cancelled and ordered elsewhere for £5 more.