Hey FreeFlyBertl,
Thank you very much for the feedback again. After completely giving up on the idea of trying to manually do the whole ACT thingie, I tried to re-install the drivers as you suggested. No cigar. I was feeling pretty bummed. Because between the time I posted this thread and this afternoon, I found more and more things NOT working on the console that really bummed me out more (mute and solo buttons, smooth inner jog wheel, etc etc).
I finally called Cakewalk support again, and this time I spoke with Phil, who has been extremely helpful in the past. He's borderline genius. Almost instantly he figured out that there might be a missing .DLL file called the VS700.dll which resides in a folder path: Vstplugins\Shared Components\Shared Surfaces (for most it is on the C:/Programs directory, but for me it would be a separate drive [the S:\ drive for me]). I checked and IT WAS NOT THERE! He then asked me if I had installed Platinum on top of X3, which was exactly what I did. That wasn't the issue, it is fine to install on top of another. But when I went to uninstall X3 soon thereafter, the uninstall process actually deleted the .dll file from the location for whatever reason (might've been my mistake even)!!
Phil, sent me the setup.exe file which re-installs the VS700 drivers AND the .dll file. I also found the updated .dll file on my backup server. This easy, quick process added the .dll file back into the directory. I launched Platinum and went to preferences to delete the old control surface instance and replaced with the new one. This time I didn't even need to use Mackie Universal because the VS700 is listed in the dropdown selection box!! Apply, save, and wallah... I am back in business. The Control Surface is at full functionality once again!!
Whew.. I am so thankful and relieved.