Here's (sort of) what I do:
1) Copy the stereo drum track to another 2-3 channels (stereo tracks). Leave the one with bass/kick/snare/punch in the original track. Leave that stereo track Mono. Roll off some of the high-end (cymbals) if you need).
2) On the first copy, hone in on the hi-hat frequency. Cut out as much of other frequencies as you can reliably. Then, pan it left or right to taste. Do this copy again in other tracks for other cymbals and toms, since not all cymbals and toms are the same exact tone. Keep in mind, the original track will contain much of the left-over frequencies of these panned tracks.
3) On the second copy for general stereo-izing, set one channel slightly out of phase, if you can, by slipping the left or right channel of that track to about 90-degrees out of phase. This is optional.
4) If you have other cymbals or toms you wish to pan, you can make more copies of the stereo track and bell-filter to those frequencies, cutting out all else.
Work with this for a bit. In all honesty, the stereo mix of drums is far preferable, but there are some frequency, phase and delay tricks that can stereo-ize a mix. You can also use Convolution reverb to fill out the room a little.
Some tools to try as well: Nugen Audio Stereo-ize plug-in and Waves PS22.