Brandon Bannerman (Catsy) is both a customizer and fan of the Alien's movies. Thus, it's no surprise that he's put together a tutorial on how to create your own minifig smartgun using BrickArms and LEGO parts.
Pricey? It can be if you don't have the requisite BA parts, but what can you do until Hazel releases his version via United Armory?
You can see the full tutorial on Brandon's Flickr stream.