yeah, saw the same article last night and did a bit of digging. the controller is adjusted for sensitivity, button layout etc, on your pc, then you plug the dongle into the console with the settings saved.
i can't imagine it being perfect since the output from the game is designed for analogue sticks, but with the right settings, it could certainly be a step up from a standard controller. there's a ps3 version that has received favourable opinion, so you never know - this might actually be ok.
pug - it doesn't need support from game devs since it just emulates the functions on the 360 controller.