No, but renaming using the web interface is easy, so there’s that. The display is actually much nicer than I was expecting, it only looks like a digital readout.
I took a little dive on the web for answers last night and found that folks have been asking for “selected track” implementation since at least 2007 on the Ableton forums. A little Python knowledge will go a long way, and for everybody else there’s Remotify.. Remotify lets you draw out your own designs and will modify it’s remote script with a click.
It works really well but also highlights one of the huge differences between the two DAWs. Cubase/Nuendo has so much customization. You can create Hotkeys, Key Commands and Macros to script pretty much any action to any button or key. For instance I have a lot of hotkeys assigned to my Elgato Streamdeck for simple stuff but I’ve also written a macro that will select all notes in a sequence, assign them random velocities and automatically mute any note below velocity=64. Don’t like the pattern? Hit the button again. An insanely useful tool for creating things on the fly.
Live shows you everything you can map on one screen, complete with feedback for MIDI CC and limiting the range. You can do it with Cubase, but not without 3-4 different windows needing something entered just so.