Righty! Well In my findings playing RWR with a controller feels really really nice, I mean movement and taking cover is so much nicer. However aiming is difficult, like you said it would be. I am finding it hard to actually get kills and am making most of the AI team do the work which is kinda frustrating but still its not a bad experience.
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Use the look spring, so it pops the cursor back to the center every time you let go of the stick.
Though I have not tried this it would probably work very well in aiming, I will have to keep tweaking my controls until I find a nice balance

I don't actually recommend making RWR have controller support, only reason is because most people are interested in the multiplayer aspects of the game and like you said you will get pretty much destroyed. However I think perhaps a console port of the game after the PC version has been fully released would be a good call. Obviously this isn't the aim right now, but I do honestly believe that this game would sell well on for instance Xbox Live if it was there.
