Now I have had a chance to do try the suggested method.
I had to do quite a bit of digging to get to the Event Inspector screen.
What I am losing here is fairly substantial to what I do. In the past I would highlight a group of notes and call up the Cakewalf FX Velocity Plugin. Usually I would set a velocity value or make a percentage change. I then set Randomize to a specific amount and tendency.
I could do this very quickly and precisely with the old method.
For me the new method is NOT ease of use. It is a bunch of extra steps and it seems that it is unecessary since the FX Velocity component is still included in the program.
Is there any way to restore the functionality back to the way it was? Why would Cakewalk change this feature?