Yes, thanks Simeon!
The tools we show in SONAR are two default ones (system volume, scroll) to which we add 3 custom ones, Transport, Control, Zoom.
In addition users can make their own assignments using the Wheel configuration in the OS Settings. There you can define just about any key to be sent while turning the Dial and remember that as a custom tool per application.
BTW, Ctrl key mod changes the zoom from horizontal to vertical.
Control param changes are fine/coarse based on velocity of rotation. You don't need to use a modifier key to get fine adjustments. So volume increments are based on your speed.
Clarification on transport mode, it follows smart grid resolution, not snap value. It's computed based on the zoom level so the more zoomed in you are the more precise it is. It's also not dependent on snap being on.
As Noel said, the Dial hardware is useful for the OS in general so it doesn't just apply to music applications. Paired with a laptop it's much nicer to use when generally browsing/reading. The precision of scrolling is very smooth. Microsoft sends wheel deltas about 60x more precise than a mouse wheel. It also has a solid feel/weight. I initially wasn't sure I'd use it but after developing for it and living with it, I definitely would.
Keith