Thanks for posting this. I came here for the same reason. I saw this message at home last night and now again at work (where I also installed the new Cakewalk). This is absolutely unacceptable and they need to change this TODAY.
A message appears on my screen saying "Updates are available" with zero information about the program or the company name. I was 99% sure it was a virus and it took a bit of investigating with Process Explorer to figure out. I don't even know why that bandlab assistant is running on my computers. At no time did it ask my permission to keep running after I closed it and frankly I don't want or need to have it running. When I want to check for updates I'll do it manually, thanks. The last thing I want is another program running, stealing CPU cycles and memory.
Very scary. This is a huge black mark on the company already. It makes me wonder what else they've snuck onto my computers.
On the bright side, I did test the program on a huge song (over 200 tracks, almost 10 minutes long) last night and had no problems so it's a good news, bad news day so far! Thanks very much to Bandlab but you need to be more transparent in certain areas.
Scott