It looks like an 80's version of the Steel Battalion controller.
Speaking of the SB controller, I could win so many Street Fighter Anniversary Collection tournaments with that thing:
*CUT TO TOURNAMENT ARENA*ANNOUNCER: "The Street Fighter Anniversary Collection tournament is about to begin!"
ME: "Hold up."
*sets up Steel Battalion controller*MY OPPONENT: "Dude.... you play....with
THAT thing!?"
ME: "Nah, "dude". I
THROW DOWN with this thing."
MY OPPONENT: "Eh heh heh..."
*MY OPPONENT exits the arena, shit dripping from his pants*ANNOUNCER: "Kitsunexus is the winner!!!"
ME: "f*ck yes!"
NARRATOR: "And so Kitsunexus was crowned king of Street Fighter, despite never having been to a tournament in his life before this and actually sucking pretty bad at the game. The End."
*FADE TO BLACK*/daydreaming