Hi Jeff - I have the exact same card; no solutions to either I’m afraid. This is just the way it is. One learns to just get on with it…
My view has been its M-Audio’s job to update the driver/panel package to allow better DAW or audio app (wavelab) integration. But really…? Forget it - its just not going to happen. This is effectively legacy kit now.
I might be right in thinking Studio One for example works better; but its because their whole architecture in this regard is quite different. Again, I don’t think it can call up the 1010 driver control panel, but it can talk to (and take control of) it directly from within the DAW. Nice.
But hey, whatever; you’ve got a great card/driver there - and, welcome to the heady world of Cubase PRO (version 8)…!
Good luck,
Bob