Tom, I don't know - never did that. I think the first answer to any question about what it can do must refer to the Mackie Control functions, which I don't yet know that well. The Behringer manual doesn't address ANY functionality in a DAW, but leaves it to each individual DAW's implementation of Mackie Control.
The hardest thing for me to get used to that you will understand as a fellow 1884 user is that the X-Touch is not a soundcard, so I cannot use the master fader as a handy volume control for everything audio on my computer (for other programs besides Audition and SONAR, Internet videos, Windows Media Player etc.). I keep reaching for that fader and it doesn't do anything outside of a DAW.
Walt, you're welcome. I got it 24 hours ago and haven't used it except for the basics, so don't draw any conclusions yet about what it might be able to do (see above). Others are much farther ahead; I just had not seen anything basic written about setup requirements yet so I posted here. I can tell you the timing display doesn't seem to make much sense yet, but you can always look at the screen while using the transport controls, and the shuttle wheel with or without scrub on.