There is indeed an issue reported about this before, too. It has something to do with converting the parameters from earlier than 0.11 series firmware to 0.11 settings format. I was not able to repeat the issue when it was reported, so it got placed on backlog with much more important things to focus on.
Also, there might be an issue causing the on/off behavior if you import an old analog config settings file to 0.11. The cause is, by request, the settings parameters for analog axises were changed from
being raw axis limits (i.e. 200 and 63000 setting a range for the axis which will then be scaled to 0 - 65535)
being deadzones (i.e you must input 200 and 2535 to get the same axis range).
Redoing the axis settings by using this will fix your issue.
The analog axis settings will get more attention at some point.
Please take note, that the settings format in 0.11 firmware is all-new, and downgrading to earlier firmware will wipe all your settings and profiles.