yevster
Wow, you're right! But only on a MIDI track, not a MIDI tab of an instrument track. Facepalm.
Right click on your instrument track and select Split Instrument track. As an advanced user, I do not recommend using instruments tracks, they are overly simplified. Instead, when I open up an instrument, I select audio track, midi track, and track folder. You can collapse the folder when you are done, and it takes up no more room than the instrument track. The drawback is that you can't have folders within folders, but I'm sure they're gonna fix that. Right, Cakewalk? Right?
I answered your question about the tempo track above, if you didn't see it.
What problems are you having with the ACT? Sure, the control panel is ugly, but it works, and you only have to configure it once.