If you are coming to SU from Wings3D then you're going to be used to subdivision modelling.
While SU will do the things you ask, right out of the box (you can also type in the required number of line segments BTW, in addition to doing it visually) you can greatly extend its capabilities by choosing from a huge number of plugins/extensions. Most of them are free (and available here). Others are commercial but usually fairly low-cost...like Artisan.
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