Not thats its much help,but i have a logitech mx510 and what youve described is exactly whats happenning to me,say if i sharply move the mouse to the right or left on cod/cod uo the cursor will jurk upwards which is no fun for multiplay.
ive tryed different drivers but no joy! I reckon on mine at least that the optical sensor is on its way out but the good thing is mx's are guranteed for 3 years.