User defined "reset parameter" value in audio preferences
Previousely, the "reset parameter" button in the effect controls panel used to set audio levels to 0db. Recently, that has been changed to +9db which is useless in the majority of cases.
I understand that this change may have been made to address the typical digital recording level of -10 to -12db, but most recordings I receive are well above that (-6db), and music tracks are always normalised to 0db, so the current reset parameter value will always result in clipping.
I suggest adding a user defined "reset parameter" value to the audio preferences.
Matt Stegner commented
This is a bug that is fixed internally and will be fixed in the next patch.