Cubase 7 Wavelab 8 Link Broken ?

OS? If e.g. Windows 7 x64, then in “C:\Program Files\Common Files\Steinberg\Audio Export Post Process Scripts” you should see a file called “OpenInWaveLab8x64.aepp” which I assume gets installed alongside WaveLab 8. If this is present, Cubase will detect it as a post-export option.