Is there a reason we can't hold the clip on the PC? Or have it show up in the wave Preview as a clip of a different color? It would be nice to not have to watch for this problem.
My use case is to record an entire concert in a single project and then dial in fx and mix like I'm the guy on the sound-board. This means gain adjustments etc along the way. For this reason, an apply gain setting in the Normalize Track window would be nice. I often try to calculate the amount of gain I want to fix into a track segment and then I normalize to get there. Since there is no automating gain, I can't have the mixer 'remember' the gain settings on the channels for the various songs.
Anyway, because songs vary a lot in attack on stage, mixing this way means that gain staging varies from song to song. Watching for clips is important. I feel I shouldn't have to rely on me seeing the light flicker red. In an 'on-stage' situation, it makes sense, because if it's clipped and past, the moment's gone anyway... who cares. :-) But in a 'mix it later' situation, you can totally prevent the clip.