Oh no. You can bind the mouse as let's say the right stick for fps games etc. But you can set all the sensitivities which is great plus you can bind the keystrokes to the face buttons you want and I guess aswd or the arrow keys on the left stick. It's pretty customizable
I've used it for tons of shit, everything from Doom3 to old Sierra games - works great with something like quest for glory
Stuck with the 60fps unfortunately but wouldn't be surprised if someone comes up with a fix for that or even a simple ini edit.