Well, not all. But it does have some shortcut buttons that you can load up with complex combos and retrigger at a touch.
Check out the video above of the XCM Dominator Joystick for PS3, from TotalConsole. It shows how easy it is to tap in a combo, save it to one of the memory buttons, and then retrigger it. Of course, you'll get no respect using this in a fighting game tourney, but I could see how it would be fun to have four preloaded hard-to-do moves set up, ready to go.
They joystick also has independent button rapid fire fuction, too. Oh, and it lights up at its base. It looks like the joystick will run for $79.99.