Bola Ocho: Well said I think. It brought to mind a pic I saw:
Obviously the shaft has to do with how the cue ball will behave, and that would be the first part of the shaft for the most part, and that has the greatest to do with performance.
The farther back you go the more it has to do with what the player feels in his right hand (if he/she is shooting right handed).
The joint would seem to be a big factor in what one feels. I think we have all experienced that.
Surface contact area, air space, weight....all factors.
The forward balance that most prefer was once achieved most classically with a steel joint and 5/16-14 pin on the vast majority of the best cues. That same weight in the same location is now achieved with the big heavy pins.
What one prefers to feel is purely personal preference I think and not really a performance matter except to say if it does not feel right it can degrade your performance.
I have seen the terms stiff and soft applied to feel in different ways and have seen them contradict each other. Not surprising since it is simply a verbalization of a perception, which can be difficult to put words to.
I have posted a question in the cue makers forum about resonance and how it might relate to performance and/or feel of a cue and never really got a good answer. Only one said that the two had nothing to do with each other, but nobody else confirmed or refuted it and I am left unsatisfied I think.
http://forums.azbilliards.com/showthread.php?t=256555&highlight=resonant I don't think we will get a good answer here either. We can get a variety of opinions, but that is another matter.
I think it's a great topic of discussion, but I don't think there is a real single answer.
I for one prefer a "traditional" steel jointed cue. But I am always open to try different cues and see what they are like. As far as how it feels compared to others, I don't know what to say except that it just feels right.