Join Date: Aug 2005
Location: Nausea, New Hamster
Bikes: (see http://wildavis.smugmug.com/Bikes) Bianchi Veloce (2005), Nishiki Cascade (1992), Schwinn Super Sport (1983)
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If you're sure that all the necessary spacers are present, and that the cassette lockring has been tightened according to specifications, and the cassette still feels loose, then you might want to check that the freehub has been tightened correctly (requires removing the axle and bearings to get at the 10mm allen nut).
I had what sounds like a similar problem with a Shimano Ultegra freehub which I had replaced; no matter how I tried adjusting them, I could never get the bearings to feel "just right", and the cassette cluster also felt loose and had a tiny amount of play. I eventually found that the freehub was only hand-tight.
Good luck -