Here it is after hours of foldoral. I spoke to a Prosonus dude this morning and here is the process:
Find a copy of the FaderPort.bundle that I found in the Cubase 5 application folder(hit “show component”). Look for it in the list. Copy it and paste it into the same place in Cubase 6. Go to the Presonus knowledge base under Fader port. Download the 1.38 firmware driver and install it. Then go to the Device Setup under devices and select Faderport in the input and output boxes. That’s it.