That's the kinda thing I was thinking of. Mind you, 0.5A max doesn't leave much room for add-ons, unless you powered different sections from its own converter, which is inherently risky. Oh, and a -ve rail still needs to be generated - I think there's switching converter modules available that will produce negative voltages, too.
BTW, A Switching regulator, or step-down converter, as opposed to a linear regulator, should yield better battery life and efficiency, since rather than just *dropping* the voltage and dissipating the energy as heat (V*I=W), switching regulators actually "transform" (Or at least use PWM) it as such, meaning that with fully charged batteries, you should, in theory and with 100% efficiency, be dragging less current from the batteries than the combined output of the switching regulators. :-D