I have to asume you can add or modify A or CNAME records in the zone. I know several hosts that let you do this.
Interland does. Curiously, they don't advertise it as a feature, but when you go to the support pages they include the service. As many A or CNAME records as you want.
The usefulness is to point ftp.foo.com or sales.foo.com or whatever to a different location than www.foo.com.
Services like eNom (registrar) lets you do A, CNAME, MX and both regular and frame forwards. This way you could send people to "private.foo.com" to a special page.
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