Try switching the USB Ports.
I have tried several USB ports, all my USB 2.0 and USB 3.0 (not that it would make any diff from the 2.0, but still), and an external usb hub.
Sadly i dunno what to do then. I ran into some problems with my Madcatz TE (PS3) as well.
One more random thing comes to mind:
I tried to configure the stick while being offline and it didnt work at all.
Then i created a GFWL account for online play, logged in and started to configure the stick again and it did work. This seems to be pretty random though and i can´t see where the stick issue and a GFWL account should be connected in any way. But you can try this, if you didn´t create an account so far and logged yourself into it at the startscreen. Good luck with this Hail Mary ;]
I have a GFWL account, and I have played AE PC from steam release up till last week or so. It worked fine on my old pc The problem isn’t so much in AE itself, but in the fact that no inputs gets registered in AE and during normal calibration etc.
OK, I was able to fix the problem by downloading Mayflash’s custom drivers following fokkusuhaundo’s advice.
Thanks for the help guys!