If you find Shuttle Pro (2) dead after installing V7 upgrade:
1) Rt. Click Shuttle Pro (2) or Shuttle Pro icon on bottom toolbar
2) Select Open Control Panel
3) in Application Setting window select Vegas 6
4) press Options button > Select Change Target Application
5) Browse to directory where you installed vegas70.exe> highlight>OK
6) Open Vegas 7>in Options>Prefs>Editing>change JKL/shuttle speed to 'Fast'
7)Rock on, thanks to Brian at
http://www.contourdesign.com/shuttlepro/