Oh sorry... I had to take some time to make an understanding effort. I looked at paddles pinout and Atari 2600 motherboard schematics. And I found out you already talked about this here: http://atariage.com/forums/topic/226294-analog-stick-4-buttons/.
So, that's clearer for me now. What I understand is that the joystick port pins 5 and 9 were in fact originally planned for an analogue purpose. So what you say is that getting the information from the TIA analogue inputs (to convert it into a digital information) takes a lot of time, right? And I guess this would need the use of resistors inside the joystick, right?
But I don't see exatly how to convert the analogue information into 3 digital information (for instance: right, left, neither left nor right).
The matrix could be a good idea, if considering the buttons are not pressed simultaneously...