I've had 2.0 since it came out and I've had a lot of weirdness and have had to re-install a few times. The cursor problem is an easy fix..go to options and there is an option to have the cursor he the line thing or the an arrow.
The mixer is cool, HOWEVER, the faders don't follow the envelopes. Which is kinda good, kinda bad... I'd love to be able to use my digital mixer to write/read envelope data like I can with Nuendo. On the other hand, it's nice to be able to raise a track's level with out adjusting your envelope. I haven't been able to figure that out in Nuendo.
For editing, I still use CEP. So much faster and easier to work with than anything I've ever used INCLUDING PRO TOOLS! The real time fx are nice, but I'm not sure I like the way CEP goes about doing them. I'd love it if they did RT fx like Nuendo... which is to work like a real mixer.. fx sends, inserts, etc. anywho, for the price, I can't complain. I just consider the rt fx an extra bonus anywho.
Rats, for your wave mix problem, are you checking the .wav file save options? There are quite a few.
I have no experience with the CEP dynamic fx because I hate the interface.