Show Clip Properties Inspector only when the clip is selected

I use the Clip Properties Inspector a lot. What I always find a little irritating is that I have to click the lit-up Clip tab at the top or hit Shift+I to hide the pane every time I want to use the useful features hidden behind the pane (Input Quantize, etc). Why not have the pane appear only when the clip is actually selected (meaning it will automatically disappear when you deselect the clip)?

I like it, but I think it would need to be an option as Steve suggests. Otherwise it will cause confusion with the uninitiated wondering why selecting the Clip tab does nothing (or it can't even be selected) when no clip is selected. As it is currently, you can kind deduce that no values are shown because nothing is selected; this happens to me all the time when I just want to rename a clip in a track that has focus but with nothing selected.