I debated trying that but thought that it might be horribly gimped compared to a kb/m set up. If it actually works, I'll have go give it a shot.
It does take some getting used to. Especially with the look around and turning sometimes gets a little weird almost like the game gets confused, some times as I pan one direction and turn a another once I get to full frontal on my ship it stops. But the multiple binding options allows you a lot of flexibility, I am sure you can use the same multi-binds to keyboard keys.