It's been a long time coming. Between work, prototyping, other complications I present the AdvanceMAME Debian package.
I was able to get past the issue with AdvanceMAME compiling on Raspbian. It's the sh2 processor for the Saturn, so I had to disable that. After that, it compiles.
I have the source code up on github if anyone wants to check out the changes I had to make.
Github:https://github.com/ssilverm/AdvanceMAME_RaspberryPi
Debs: http://blog.sheasilverman.com/2012/10/advancemame-deb/
Also, another goodie... My deskcade project is coming along incredibly well! I just got in these 18mm Sanwa buttons. They are awesome.

I hope everyone enjoys. Let me know if you have any questions, comments, or suggestions!
-Shea