True, Strophoid, but it worked for me, once. And for some others too. Can't really tell what caused my problem, though. I had working MIDI meters too. Edit: I did not read the part where the OP wrote that after restarting, the setup worked again, although temporarily.
i5 750 - Windows 7 64 Bit - Cubase 6.5.5 32 bit - Arturia Minimoog V - M-Audio Fasttrack Pro - Emu XBoard 61