Faderport Touch-button in Cubase

Just a quick question about the Faderport’s Touch-button functions in Cubase.

Using Cubase, does the Touch-button do anything beside just indicate that the fader is touched?
It dose not turn on/off when I press it, just lits when the fader is touched.
Just thought that it should switch between Touch and Auto-Latch modes in Cubase, but it does not work, for me at least.
I am running Cubase 6.5.4 / Win 7 x64. Got the newest drivers & firmware installed for the Faderport. Don’t know if it works in Cubase 7.

Is this just how the Fadeport works in Cubase, or is it something wrong with my setup?