Waveburner won't recognize my M-Audio Fast Track after upgrade to Lion. Any tips?

Doesn't show up in drop-down menu under Audio preferences like it should. Tried restarting the sound card etc etc. Everything works fine in Logic (and iTunes etc. Just not in Waveburner.) I use Waveburner all the time for mastetring and this is a pain. Any tips on a fix or workaround?

Thanks!