Ugh. Okay. Seems like it's probably worn out.
Another problem that appeared recently is that the rollerbar 'button' randomly sends double-clicks when single clicking. It uses the same type of microswitches as Razer mice, which also suffer from this problem. The spazzouts and the doubleclicking issues make it kind of frustrating to use.
[strike]Guess I'll have to save up for a new one.
[/strike]
Replaced the rollerbar microswitch with another (MB3 from an old Logitech mouse), worked a treat. Took forever though, these suckers are not meant to be desoldered. Also, for some reason, the spazzouts seem to have gotten less frequent. I have no idea why.