updated wetwipe's solution to support revision 71 of Three.js, and cleaned it up a little bit, works like a charm, see http://www.tectractys.com/market_globe.html for a full usage example:
mX = ( event.clientX / window.innerWidth ) * 2 - 1;
mY = - ( event.clientY / window.innerHeight ) * 2 + 1;
var vector = new THREE.Vector3(mX, mY, 1 );
vector.unproject(camera);
vector.sub(camera.position);
camera.position.addVectors(camera.position,vector.setLength(factor));
controls.target.addVectors(controls.target,vector.setLength(factor));
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