that's by Logitech, not "Logicool"
And, yes, its very functional if you play EQOA or FFXI on PS2. Just handle the controller carefully since the analog sticks are a little more sensitive than your usual Dual Shock. This is something you don't want to drop.
It's served me well through FFXI thus far, I very much reccomend it. Heh, you can target things better than the PC users with the D-pad more often than not.