Short answer.
For quantum circuits, there is at least one non-limitation result: arbitrary bounded-depth quantum circuits are unlikely to be simulatable with small multiplicative error in the probability of the outcome, even for polynomial-depth classical circuits.
This, of course, does not tell you what resctrictions $\mathsf{QNC^0}$ circuits will actually have; particularly if you're interested in decision problems with bounded error, rather than probability distributions. However, it does mean that an analysis in terms of decision trees, as with Håstad’s Switching Lemma, is not likely to be in the offing for classical simulation of these circuits.
Details
We may consider the definition of polylog-depth quantum circuits as given by Fenner et al. (2005):
Definition. $\mathsf{QNC^k}$ is the class of quantum circuit families $\{C_n\}_{n\geqslant0}$ for which there exists a polynomial $p$ for which each $C_n$ contains $n$ input qubits and at most $p(n)$ fresh ancillas, uses only single-qubit gates and controlled-not gates, and has depth $O(\log^k(n))$.
The single-qubit gates must be from a fixed finite set, though this suffices to simulate any fixed unitary on a constant number of qubits to any fixed precision. We also allow any subset of the qubits at then end of the circuit to be used to represent the output of the circuit family (e.g. a single qubit for boolean functions).
Bremner, Jozsa, and Sheppard (2010) note (see Section 4) that, using an adaptation of the gate-teleportation technique due to Terhal and DiVincenzo (2004), post-selection on some of the qubits in a $\mathsf{QNC^0}$ circuit makes it possible to decide problems in $\mathsf{PostBQP = PP}$. Using their results on simulating postselected circuits, this implies that the problem of classically sampling from the output distribution of an arbitrary $\mathsf{QNC^0}$ circuit with boolean output, with multiplicative error at most $\sqrt 2$ in the sampling probability, is in impossible with random polynomial depth circuits unless the polynomial hierarchy partially collapses (specifically $\mathsf{PH} \subseteq \Delta_3$).