The big addition to Cubase 7 was the replacement of the old mixer view with the Mix Console and its Racks system. The biggest of the Racks, (and the biggest change), was the addition of a built in Channel Strip, removing the need to use a third-party plugin. This video looks at the Channel Strip in some detail and compares its built-in effects with the corresponding plugins that Cubase offers, where there are direct parallels.