When I had a rant in the LightWave Skype chat on the use of middle mouse button for selections, i got directed to http://www.autohotkey.com/ but since I am on a Mac I had to google for an alternative and landed on a forum thread on the matter and I got pointed further to http://www.orderedbytes.com/ . I have been looking for a solution like this before but never found it for some reason, my googling skills might have been diminishing…

WARNING! Awesomeness ahead!

http://vimeo.com/moogaloop.swf?clip_id=11178910&server=vimeo.com&show_title=0&show_byline=0&show_portrait=0&color=&fullscreen=1

You can download my ControllerMate setup if you feel like.