Actually, Cubase was around during the ST days, too. Pretty early version, but all the same basics we have now.

To be honest, the new Cubase isn't quite the sequencer that the older Cubase VST5 was. In many ways, MIDI has taken a back seat to the audio section, and bugs lingered for a LOT longer than they did in the older days. I know I should be ashamed, but I still do the majority of my sequencing on an older Mac, that can run OS9, and run VST5, as I think it was the best incarnation of the MIDI section. Then over to Nuendo for the audio stuff.

VST5 was bombproof, and with a MIDEX MIDI interface, nearly as tight as the old Atari's. Too much slop in the new MIDI interfaces, I fear. Steinberg dropped the pre-buffering of MIDI a while back. You start running three different outs at the same time, well, I can notice it if others can't! Mind you, nothing beats that old expander dongle from Steinberg for the Atari. Tight doesn't even START to describe how good that was!
_________________________
An arranger is just a tool. What matters is what you build with it..!