Yep, I got it. Here was the problem (for me anyway)
In MIDI Input Device, there are two ELEVEN RACK entries.
Eleven Rack and
2-Eleven Rack [Emulated]
Both were checked
PT11_11R_MIDI_input1.jpg
So I unchecked
2-Eleven Rack [Emulated]
Same behavior. No 'E' embed symbol, after pressing stop PT11 would momentarily freeze and the lights on the 11R would blink like you can see in the video I put out yesterday.
Unchecked
Eleven Rack and Checked
2-Eleven Rack [Emulated]
PT11_11R_Midi_Input2.jpg
Record a short section - press stop and BOOM - IMMEDIATELY PT11 shows the 'E' embedded symbol, no freezing at all!
I can even load the embedded rig setting from the clip bin or mini window, still don't have the option when Right Clicking on the track.
So, looks like that's it.
I'll make a little video tomorrow so others who may run into the problem can see how to fix it.
Thanks to everyone who chimed in, without you guys I would still be doing basic install/uninstall stuff.