That’s a good point! I guess in an effort to be thorough, I could roll back to Cubase 6.0.2 just to test that theory! 
I spoke with a Waves tech today, and he mentioned that he thought this was a known issue, and that he would enter this issue into their data base as a bug… Basically confirming that the issue is not PILOT error, but rather something that needs to be fixed by the software engineers. Either way, you are right…patience is a virtue! 
Al