In “Studio Setup | VST Audio System”, the audio Port System Names are incorrectly not obtained from the ASIO driver(s), so all the port names are generic input name. It looks like the port names are now just constructed from the ASIO driver name, with a number tacked on the end. They are supposed to have the names provided by the ASIO driver, as it has been for decades. The Reset button on that dialog is supposed to clear any “Show As” names you’ve assigned and at the same time, retrieve the driver’s current Port System Name.
For example, the UAD ASIO driver port names are set in the UAD “Console | Settings | I/O Matrix page”. NOTE that these are separate from the names shown on the UAD Console Mixer scribble strip; the strip names can be changed at will, just the same as Cubase’s “Show As” names.
As an aside, what’s with the bizarre and hard-to-read new color scheme of the Studio Setup dialog, Audio Connections dialog, and so on? It’s garish and the font size is too big, among other things. Hopefully these changes mean there’s finally some attention being made to modernize these bits, old as Cubase itself, and that’s a good thing, but the GUI as it stands now is not a step forward, IMHO. Perhaps there’s new settings to control it?