Hi Greg,
To be honest, that was not the clipping I was expecting to see. Digital clipping looks like the top of the wave form being flat on top (everything over 0dB getting "shaved off" as it were, leaving a flat top). I now understand your frustration since that does not look like clipping, but more like an A/D converter in your interface is acting weird (the wave form should be very symmetrical). Do you get the same type of wave form from the other input on the interface?
The only other thing that comes to mind is that "auto sense" feature. From what I could tell, it blinks when doing its evaluation, and is lit up fully when working. When you recorded the wave form above, the auto sense button was just lit (not blinking), correct?
As you already ordered a new interface, it may be best to wait till you have a chance to try it out.
Best regards,
Michael