I have no idea what may have happened, but all of a sudden, my panning no longer works in Cubase Pro 8. When I pan left or right on an audio channel in the MixConsole (or even with a virtual instrument) I can see that the level meters on the channel respond, but I can still hear audio on the monitors and headphones in stereo. This is the case when I pan on the channel as well as the master output.
I have gone so far as to physically power off my MOTU 828x audio interface and have Cubase use the built-in input and output on my iMac as an input/output source (that’s the only source available as of that point). However, the problem persists when I pan left and right on the channel.
I tested this out with Logic Pro X as well as Garage Band on Mac OS X and the panning seems to work just fine there. Any ideas what might be happening?