not sure what causes it but it definately exists, I was told its to do with piston size, so brakes with big slave pistons (V2, HFX9, mono trials) have less modulation than brakes with smaller pistons (mono mini, shimano). The ideal comprimise being brakes like the M6 which use lots of small pistons the get the same power as one big one, but the modulation of small ones.
Theres some new brakes coming out next year with extra pistons within the slave piston, which are adjustable to alter when they kick in and thus the modulation.
try these three brakes;
hope mono mini
shimano xt (pre servo weave)
hayes HFX9
the first has naff all power (comparitively), but the lever moves a long long way, which some people like asi it give modulation in the sense that the further you pull th elever the more stoping power you get.
the second has less lever movement once the pads and disk contact, but the more yousqueeze the lever the more braking you get.
the third, has one power and one power only, and its fairly brutal. But unless your a nancy boy who drags the brake its all you need 99% of the time.