GBurner, if you have the bushing and still have play I would bet that you don't have the spring installed. The bushing (sleeve) is very thin and doesn't look as if it's meant to fill the gap around the steering shaft. The spring appears to preload things and keep them solid.
The bushing shown in the post above is for later cars. The one in an early car looks like you cut the top 1/4 off the later one pictured above. The bushing & spring are items #6 and #7 in the diagram
http://forums.pelicanparts.com/uploa...gspring005.jpg
I have no play in my wheel. I installed a Momo wheel and noticed that I had a ton of radial play. With the wheel removed the splined shaft moved around all over the place. I then noticed that the spring and bushing were stuck to the back of my stock wheel. I put them on the Momo and the wheel is rock solid now.