Ah, the YS Techs. I've got a couple of them in my PC as well. I also happen to have a Delta AFB1212VHE I bought one time for using as a small, yet powerful fan when the weather's getting too hot; it's a fantastic little beast, the first fan for wich I bought fan guards because I was slightly afraid hurting myself. If you can get your hands on this fan, I highly recommend it.
3.5" fan controller: That's tough. Most cheap 3.5" fan controllers use badly designed PWM circuitry, which leads to noisy fans (PWM frequency is too low, so the coils in the connected fans start vibrating at audible frequencies, which will drive you absolutely insane), so you probably don't want this. Linear Voltage regulators aren't as efficient, but they're noise-free, so I'd recommend getting a fan controller using them; the only problem being I'm not quite sure if there's anything on the 3.5" market that fits this description.
So, how can you tell?
PWM circuitry:
(Although that one seems to be okay judging from the large filter capacitors used; you often won't find them on cheap PWM regulators)
PWM circuitry can supply large amounts of power for the size. 10 W per channel are no problem at all. PWM doesn't even need heatsinks for that.
Voltage regulators:
Large heatsinks for the linear regulators. Power per channel largely scales with heatsink size, but it's usually about 5-10 W for standard fan controllers.
I haven't been into this for years (and when I was, I bought an incredibly fancy programmable PWM fan controller with adjustable PWM frequency), but Zalman ZM-MFC1 is still quite popular as a fan controller. It's a 5.25" version, though and uses voltage regulators instead of PWM.
As for ball vs. sleeve bearing:
Ball bearings are loud. It's just a limitation of the technology, you can't create a ball bearing that doesn't make a lot of noise. But on the other hand, they're durable as hell; if they reach the end of their lifetime, they'll just get louder and louder, with only slight decreases of fan speed, so although they'll become incredibly annoying, the fan will still work.
Sleeve bearings can be made virtually silent, but they aren't as durable and when they fail, they fail fast. At first, the fan will get louder and drop rotation speed considerably, and after a few while it will stop alltogether.
So, in conclusion: Use ball bearings for applications where reliability is paramount, use sleeve bearings for everything else. The only place where ball bearings are really justified in a modern PC would be the PSU, as their mode of failure will most likely be quite nasty. CPUs, graphics cards, case fans--sleeve bearing. They do have over-temperature protection and large heatsinks which can keep them on high, but acceptable temperatures under medium to low load even without a fan.
-huha