I'm not familiar with Cubase or Reason at all unfortunately.
There is also no other driver to use with Windows 7 currently, so you may just be stuck with it.
I haven't seen any other threads with similar problems, so I can't point you in any direction.
Core 2 Quad Q9400-Scythe Ninja Rev A|MSI Neo P45|WD 150GB Raptor|WD 250gb SATA-I|8GB G-Skill DDR2|WD Blue 640GB SATA-II|Logitech KB|Apple Mighty Mouse|ATI HD4850 512MB-Accelero S1|M-Audio 2x Delta 1010|Delta 66 Omni I/O|Corsair 400W|Cooler Master Elite 330
Dual Boot: Ubuntu 10.04 x64 Lucid/Windows 7 Home Premium x64
Adobe Audition Mac & PC, Logic Pro, Ardour, PT 9, Reaper x86 & x64, Ableton Live Lite
2x Delta 1010, 2x Delta 66, AP2496, FW Solo, Pulsar II, ProFire 2626, Fast Track C400