infinite scroll - when enabled, you will be able to pass from the first to the last tab of a menu, and vice versa, without the need to scroll through tabs in between. See the first screenshot below with infinite scroll set to off, and the second with infinite scroll enabled.

menu reset - when enabled, upon switching between menus, the navigation will always bring you back to the first tab of a menu instead of showing the tab that you had last accessed within that menu.

restore last loaded preset - when enabled, the last midi config preset that was active on your Osmose CE before shutting down will be recalled when you boot up. 

mpe bend range - sets the maximum mpe bend range (in semitones) Osmose CE uses internally in an MPE context. In most cases, 48 semitones will be correct, because it is the defacto MPE standard.