The best response to this new feature I've seen here in the forums is that it really helps the newbies. Creating new tracks could get more intuitive, making the learning curve to start recording quicker . . . less steep. This will be good in the long run for the Cakewalk product. Those who have used Cakewalk for a long time will be bored by this new feature, and may even have to rewire part of their brains to adapt. (Or just keep creating tracks the old way)
In any case, I see why they have done it, but now we need something for the long time users to be added next month . . . to keep the balance working and moving ahead.

I just wish there was a quicker way to insert 8 audio tracks, one for each VST out, along with 8 midi tracks automatically routed to that synth and assigned to midi channels 1 to 8. Yeah, I'd like a button for that.

Can't all be home runs but singles are good too. I like it.

It's certainly not a game changer, but it looks easier than the present method.