898 days ago (the forum tells me,) there was a feature request for a better pointing device. Trackball and IBM/Lenovo style Trackpoint devices were mentioned. I've used a few older Lenovo Thinkpads with trackpoints (X61, R400). I'm okay with them, much preferring them to the 8-way switch, and I know a few other users who swear by them. One of them has repeatedly told me IBM's solution to the problem stated here:
Thinkpad trackpoints have a feature called "negative inertia" which pulls the pointer back when you stop, fixing the overshoot issue. It's not quite as good as a mouse, but a Thinkpad trackpoint is far easier to use and quicker to get used to than the 8-way switch. (Incidentally, I overshoot all the time with the 8-way switch itself.) I have certainly got a lot of productive use out of those old Thinkpads. Perhaps you at Tekgear could try implementing negative inertia with an EasyPoint or whatever. I remember hearing something about patents though, so I guess you might need to license the idea from Lenovo.
I've got another idea for controlling overshoot: logarithmic speed response. As a loose example, changing from 80% to 90% pressure would make a far bigger difference than from 10% to 20%. I think a lot of the human body's senses are logarithmic. Sound volume and brightness certainly are, so perhaps touch is too. (My Samsung TV and phones have linear backlight brightness; ridiculous in practice! For sound volume, do I even have to mention any evidence? If I do, "deciBells" )