OK. I have isolated this further. It appears it has something to do with the particular couple of Cubase projects I'm working on. If I start a new project in Cubase...load up the VIP2--assign it a medium workload, whether the GUI is open or not, it makes only a slight difference on the CPU.
So, I will trouble shoot it from here on out as if it's a Cubase project issue and report my findings to Steinberg (and here)...I don't know if it's something to do with some other plug in running in that project that somehow only manifests in VIP2...? Or the VST Expression maps being used in it...? Or just some sort of project corruption....? But, I can duplicate it 100% of the time in those projects, but not in a new one--even with VIP2 under the same or heavier workload. Seriously weird. And, people wonder why I hate computers so much. [:@] It's all I do every day--fix malfunctioning ones. Nothing I hate worse than working on my own when I get home.
Anyway, it does appear that VIP2 is only one ingredient in the "CPU eating reciepe" here.