As another member noted, the pH is tied to the GH and KH. The GH and KH work to buffer the pH, preventing fluctuations. The extent to which they do this depends upon their level; the higher the GH/KH the stronger the buffering capability. This is only one factor, but it is where we start.
Organics--which includes wood, dried leaves, peat, alder cones, decaying plant and animal matter, and in an aquarium largely fish excrement--are broken down by various bacteria (different from the nitrifying bacteria we more often think about) over time. CO2 is released during this process, and the more organics the more CO2. CO2 produces carbonic acid, and this naturally lowers the pH. This is a basic universal process essential to life because without it the "dead" matter would remain and increase year after year. In the aquarium we deal with this by water changes, vacuuming the substrate (which removes some organics) and cleaning the filter (removing other organics).
The buffering capability of the GH/KH now intervenes. In very soft water the acidification will be more rapid than in very hard water.
Water chemistry is complicated and follows the natural laws of chemistry and biology in any aquarium. The less you interfere with these, the more stable the system will be. As someone mentioned above, each aquarium can be different with respect to the natural stability.
So, the answer to the initial question in post #1 is, yes, driftwood will tend to lower pH but this is not usually significant. It would take a lot of wood because it is slow to decompose. Dried leaves and alder cones work more rapidly. But again, the GH and KH act as a bit of a limit depending upon their level of influence.