Hi!
You can learn and control with CMC QC any VST2.4 or VST3 instruments and plugins parameter. You can also learn any thing inside Cubase 7 help of the “Quick controls” example Sends, PAN, Volume or any other parameter.
Many parameters are already setup default as soon as you selected it like Kontakt 5, Massive, 3part EQs etc…
Best Regards
Freddie