I believe there might be a voltage difference between the channel selector (8v?) and the input lines you use on the Arduino (3.3v or 5v). You would need some type of voltage translator on each line to buffer the difference.
Could probably use a couple of resistors per line as a voltage divider and tap the arduino in at the middle. I might try that when I have the time. Which may be a while.
I really thought someone would have done all of this as a kit by now. It's not like it's magic.