Assigning a track directly to the audio interface makes panning work. So it's like my master buss is mono-ifying things. I took the multiband off the master thinking maybe that was the culprit. Nope.
Huh, adding a new stereo bus gets me back to stereo. It's looking like I need to delete my Master and make a new Master. Anyone seen this before? Any secret setting on a bus I'm missing? I don't think I've touched anything but you never know what stray keystroke shortcut might have done something mysterious.
CAF