Just happened to hop on the Nektar website and discovered that just yesterday (03/20/2015) they quietly released an update to the firmware and driver for the Panorama series and Cubase!! Pleasantly surprised and completely unexpected yet extremely welcomed. Will be installing and testing it out over the next few days.
They even included a PDF Guide for using Cubase and the Panorama series boards which compiles pretty much everything from the website and some extras which is also very welcomed.
Hope this helps out anyone who was having issues.