I am a little puzzled with MIDI 2...

Here is why. Most modern peripherals use either USB or Bluetooth for midi and in most cases they include either a piece of software (excluding the driver) or VST or similar. Many settings and profiles are saved within that software per session / project or VST state. To my understanding MIDI stuff is happening "within" the hardware and proprietary software for that specific device interprets it. But that is what we have now...

The only issue I have with MIDI is latency, when for example I want to record "live" to the project. This can be dealt with by adjusting things manually, but speaking of MIDI 2, I do not believe that it has "something" to address latency.

I do get that a PRO audio musicians might need more control and features, I just do not get how an average hobbyist or amateur musician can benefit from this, assuming they have gear purchased within last few years. Maybe I am just getting older smile