Well, guys, believe it or not, it appears it might have been a product registration problem. When I tried to play the stand alone version, I got prompted to enter my registration code. After having some problems doing that, I un-installed and re-installed it and completed the registration process. It works as advertised now.
(In my defense, I tried to complete the registration by including the codes from my account at Cakewalk. I got it to work this time by using the codes from a previous purchase.)
Sorry for the diversion but maybe it's a lesson learned for all of us.
Thanks to all for trying to help.