Just because it was a fake item doesn't mean someone else could take a stab at it, and that's just what happened. You can now bid on the pictured item -- dubbed the "Freekade" -- to have your very own iCade-like iPad mount. The controls work via Bluetooth and require a jailbroken iPad and emulated games provided via the Cydia store. Check out the video demo after the break (just turn your volume down -- the clackety-clack of the arcade buttons is annoying as hell).
If you're not one to go bidding on something like this, it'll reportedly be available on an online store in the future. I half wish someone would just make a cheaper, non-functional version of this thing just to serve as an iPad dock.