I don't have the latest FontLab Fontographer (still have the old PPC version 4 running in SheepShaver) but I find your comment fascinating that you can use it to create logos and basic illustrations. I know the Altsys team created FreeHand out of the same tools as FOG and the interaction between the two is superb but can you really create decent artwork? I guess dingbat creation would be a similar example but I'd love to see an example of an illustration/logo that you have done this with method.
btw, Rich Hubbard at the FreeHand Blog is an advocate of Fontographer 5 and FreeHand used in tandem, if he wants to chime in.