Welcome to the world of Virtual Analogue Placebo Conscientiousness.
 

personally, no, Craig, but if they produced a new programme using the core Sonar engine with audio only and the new features you mentioned, plus one-button creation of a stereo mix which opened this new programme from within Sonar, plus the ability to create and export Red Book CD masters which cost $30 - 40 then I think they could have a winner...

I think better analysis tools and especially (built in, not plugins) metering would be more valuable than more plugins.

Had to think about this for a bit. From a software perspective, there are only 3 programs I typically use that are not SONAR (in all stages of work). Only Ozone for mastering specifically, and the "best feature" for me is that I can save one preset that includes the "whole ball of wax." This thread also made me realize I have not used Mix Recall yet (doh!), so not sure all that it does (so this feature may already be present now). As far as components within Ozone, Craig nailed it that most can already be done within SONAR now.
 
The noise reduction (and other utility) functions I often run after tracking as destructive edits, but as I was thinking on this I realized that RX4 is also iZotope. I use Audition just because I have it, but RX4 is probably a far superior product.
 
Then it occurred to me that both Cakewalk and iZotope are in Massachusetts ... what a great "partnership" that would be  (All the "missing mastering goodies" can be found in one place, why recreate the wheel?)

I really like the idea Craig.  I use Sonar to (loosely worded) master, but I have all of the Waves mastering tools in the toolkit that I add in.  HOWEVER - I do use Sonars tools in the process from time to time, like the CA2A, LP64 tools, and Quad Curve.  You know, I haven't had to master in a few months but MIX recall looks like it will earn a spot in there for A\B ing.      
 
What intrigues me is that Cakewalk has always been forward thinking, and ahead of the curve in user implementation.  I wonder what would happen if they take that kind of knowledge, drive and initiative and applied it to a mastering suite built around user efficiency. That's pretty darned interesting to me.    

I have always used just the Cakewalk plugs to achieve my mastering just to see the results. I send my clients projects to a well known mastering and copy business in Nashville. I was very surprised when the owner of this establishment went out of his way to commend me on the great projects I send him. He said they never had to touch a thing as far as EQ and leveling, the mixes were great, and they generally just ran the copys off as is!
I will admit I purchased Ozone 3 and upgraded thru to 5. It found it's way in to my master buss a few times but I still get what I want with the tried and true Sonar plugs since the release of Concrete and the console and tape emulation.
Whenever I see someone ranting that it just can't be done in Sonar alone, I just smile!

I like the idea, and would rather have it all in one box without exporting to other software, better workflow for users and better business for CW in the long run.
You can do much of it within Sonar as is with practice and understanding of general sound engineering, but it can be challenging and more time consuming, especially when the recordings are handed to you as is.
 
I also have more plugins than I want to manage or use very much, so a mastering suite with analysis etc built in would be nice, but also agree fixing existing issues for the majority should come first.
 
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I don't think there really need to be more plug-ins except for a maximizer, and I'm sure that could be licensed. For the EQ, I'd be fine with having two ProChannels or LP-64s in series with an appropriate GUI. Noise reduction would likely be a DSP process, not a plug-in.
 
Bear in mind this is all blue sky stuff here...you are not getting any secret insights into the Bakery with this thread, just one guy's speculation. But I like the way this thread has developed. The idea of going beyond conventional mastering software to do things "the Cakewalk way" is intriguing.

On the subject of eqs, as well as an exanded mastruing version, the ability to have more than one PC eq per track/bus would be rather useful in itself. As for noise reduction, I don't much care whether it's a plugin, DSP process or what, so as it's there. For a fully fledged DAW to lack that function is a great big gaping hole in its' capabilities.

It would be awesome to be able to "master" and assemble/burn a CD all right in Sonar!!! Do it!!