[UPDATE 17-May-2021: Cakewalk 2021.04 Update 1 (build 27.04.0.175) is now available]
Hi all - please use this topic to post feedback specific to 2021.04. Release-specific feedback is valuable to us, and consolidating it in a single topic is extremely helpful. Thanks in advance!
2021.04 Release Notes
Thanks for reporting it. Yes the notes were not being read properly. Its fixed for the main release now. Note that these are the project notes read from the revision description and Not the lyrics from within the revision editor itself.
While I can read the lyrics in BandLab, they are stored at the song level unlike Cakewalk that stores lyrics at the track level. So there is no easy way to map lyrics going back and forth.