So why is it cannot bind accelerate to scroll up and decelerate to scroll down...? just curious.

Are you using the right names for the wheel?
MWHEELUP
MWHEELDOWN ?

Wont work because of the way the mousewheel works. When you press a key, it's On till you let go. WHen you scroll a mousewheel, it goes On Off On Off On Off. Does not send On long enough for VO to increase the acceleration that much without scrolling the wheel like mad.

With some fancy scripting on the lua-side (and/or maybe even just through really fancy alias/binds) you may be able to do what you need.

yeah i was using the correct bindings, and thanks yodaofborg, raybondo, i'll look into it.

There was a player on 100 a while back who had a working setup to bind accel/decel to MWHEELUP/MWHEELDOWN but was distressed because his setup was broken with the removal of ship movement control binds/aliases on account of the Combat Assist plug-in.

The bug report he filed is here:
http://www.vendetta-online.com/x/msgboard/2/23404