I don't know of any good adapters, but you might wait on even buying one that works. I have the Master Deluxe pads (you're right, don't buy them, actually going to sell them to someone on craigslist next week ) anyway, they don't work with the new Ps3 DDR game. Not like they suck, they literally don't work. If you've played the new DDR you'll know what the new feature called "groove trigger" is. I believe this is what screws up ANY other pad other than Konami's from working with the game. Yep, pretty sure we are all stuck playing the new DDR on Konami's pad, period. If anyone knows ANY other pad/adapter that works let us all know but I figure if the Master Deluxe pads don't work (and they work just fine with the ps2 games) then I doubt any pad that isn't programmed for the stupid groove trigger will work.
Well I actually found one. I bought an adapter by Hyperkin that is this one:
This adapter works on my 60Gb Ps3 (which it says on the packaging that it ONLY works with the 60Gb) and I'm using my RedOctane pad. Finally it's an a adapter that works and doesn't have any lag so I can play all my Ps2 DDR games. Ironically, all my rant about the groove trigger was somewhat mistaken; this adapter and my RedOctane pad do work on the new DDR for the Ps3 just fine, up is up and down is down etc.... only catch is, obviously, there is no groove trigger which quite frankly I don't care about because beating a song is impressive on it's own when it's a 9 or 10 difficulty, who cares about bonus points.
So there you go, an adapter that finally works, just hope you have a 60Gb model Ps3 otherwise they say it won't work.
I would say the best way to go for full PS3 support is to take the "brain" or control box off of the Konami DDR pad that comes in the bundle and install that "brain" on to your Red Octane pad. Thats what I did. All you need is a phillips screw driver and maybe a little tape. I put some pictures and stuff in this thread: http://community.us.playstation.com/thread/3883364
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