I understand what latency is, and I know it perfectly well when I have the monitor button in Cubase on, but what I am confused about is why very low latency should be an issue, like when software is marketed as having very low latency. It seems that Cubase applies whatever inherent latency there is across all tracks, and I have never had any problem tracking. Even incredibly small changes in one side of a pair of double tracks is very obvious, and I have not yet heard defects I could attribute to latency, let alone what might manifest from the say 31 milliseconds of output latency my DAW claims to have. So, why do people feel the need for very low DAW/plug in latency, if it is not a problem in real world conditions? Or, if it is a problem, exactly what kind of applications might latency become a more obvious problem if values are not sufficiently low?