There are several "fixes" in the releases and previews section for 07. Some work for people, some don't.
There is also a concrete way. When the pg brings it up and goes towards one of the sidelines, he's going to go all the way to the hole. Try to get your pg on him before he hits half court and go in the same direction he is going, don't try to block him. Get Get close enough to him to initiate the defensive animation where your defender is "riding" the ballhandler. Once you do that, gradually move the left analog stick from the direction he is going towards his ball hand.
Your defender should make him move off course and eventually block his path. From here he will either crossover/spin to change direction and continue driving or he will stop driving and head to the top of the 3 point line or pass to a teammate. If he does the crossover/spin, you need to reinitiate the "riding" animatoin and repeat the left analog movements toward the ballhandler's dribble hand. You can try using turbo and the defensive stance buttons in conjunction with the left analog.