Gede: Thank you. What are the "fancy features" on the controllers nowadays? Auto-fire? :-) Or some sort of tuning on analog sticks?
I can't user the analog shoulder buttons in a pressure-sensitive way in DirectInput mode, they are either on or off. This is the case with DirectInput mode on Windows as well though.
Aside from that though it's just software features like custom settings per game or changing the dead zone of the analog sticks. I use a different program (ControllerMate, Mac only) for that though, it's more capable of a wide variety of tasks, even if I had the Logitech software there would be no reason to use it.
http://www.orderedbytes.com/controllermate/
Of course if the game is well-programmed there should be no need to use such a program in the first place. The DXX Rebirth port for Descent 1 & 2 for example lets me set everything I could want to in the game settings.