+1 Yes, this is might be one of the three the most essential functions for getting started with a song. At least when you already know what you want to record. Think workflow and minimal distraction of getting an idea done.
Or, god beware, using cubase for a keyboard/live setup.
Now it is hiddden in a modal/popup of a function of a menu, so not even bindable to a key command. It should be directly accessible, at least.