I am thinking about buying Cubase, but I understand that I will need a dongle in order to actually use the software. I have an iLok dongle for my EastWest samples already. Can this dongle be used in conjunction with Cubase as well? It would be pretty inconvenient if I have to reserve two USB ports for this purpose instead of just one.
Nope, Steinberg uses their own e-Licenser (shared also with some other vendors).