I'm pretty sure the Igor timer system has that feature as well, but I'm not certain of that. Someone enlighten me...
I see I again missed great thread here, sorry Bob I did not see it before. I like that building, I see I must show it to our kids, I am sure they will make milion of different models this way :- ))))
But to your question -
Yes and no

. My timer does not do anything only controlls motor. I always concentrate to make the function fully implemented tested and well working and not to give other side fancy functions. So no, my standard timer does not have any buttons, landing gears lights and similar things. However my timers are modular, so in case that model needs another function there is no problem to add any other specialized gadget. In this case I have specialized timer for landing gears synchronized with main timer. Of course it is programmable by Jetibox and beside its normal function it has also input for RPM sensor with adjustable rpm. It can be any standard R/C device, so it will work with sensor for standard motor, or also magnet sensor for IC engines etc. That means it can be used also without my timer with accelerometer. Optionally it can be also connected to speed sensor or centrifugal sensor, but that is not good solution because it needs very good ajusting (so that does not extend when model slows in fugures, but act safely when it is really needed, does not react to whipping etc.) and I think it is not good idea to test landing gears with risk of landing to belly. Setting RPM is much simpler, exact and repeatable even on ground. Timer has many settings, beside RPM for emergency gear down with adjustable servo angle, it has slow motion retracting to look better (but emergency gear down function is quick). Unfortunately speed setting has no effect with electronic LGs. And of course it has "go home" button/jumper.
It also works with normal servos and standard hardware with lock arm, also servos without lock arm (so that it make hardware much simpler) and it is also tested with servo-less electronic landing gears which has little bit tricky controlls. Chris can tell stories about it :- ))
Here is picture how to connect it with my normal timer.