also - ich hab mir ein paar auskünfte direkt beim moog support geholt.
-single und multitrigger envelopes umschaltbar
-keine endlosregler, dafür folgende 3 modes:
There are three different modes for this- two are "standard" I think, and
the last is a major advance to the art.
The standard modes are called Snap, and Grab (although I wanted to call
them Pop and Lock - breakdancing references

) ) - Snap mode on the Little
Phatty means that the value does jump as soon as you touch the knob... maybe
some people want this?
Grab mode is like you describe; the LED ring around the knob shows you what
is the preset value, and there is no change to the parameter until you turn
the knob to the original value -- then the knob "grabs" the LED and they
move together as you change the value.
The newest mode is called "Track" and it is the most fluid and natural way
to do this that I have seen. It is sort of an interpolation, and difficult
to describe... but imagine that the physical position of the knob is at 10
o'clock and the preset value (indicated by the LED) is at 3 o'clock. What
happens is that the difference between the actual and preset values is
scaled and adjusted, so that you have proportional control. If you were to
turn the knob to the right (closer to the preset value) the parameter
immediately starts to change with your knob movement, starting smoothly from
the preset value and increasing at a slower rate than you are turning the
physical knob, so that when you reach the end of the knob's travel it has
"caught up" with the parameter value. After this, the knob tracks 1:1 as in
other modes. If you were to turn the knob to the left, the parameter would
change proportionally, more quickly than you turn the knob until the
parameter value catches up to the knob position (after which it tracks 1:1).
In practice this is beautifully simple and means that you can tweak any
parameter without worrying about the difference between the preset value and
the knob position... it is really nice!