Today is my first day with this thing and I've gotten everything to work flawlessly (I was looking for a cheap way to replace my broken M-Audio Oxygen 49 that I had treated pretty poorly). After reading the manual, changing the knob mode from relative to absolute fixed all of the MIDI quirks I was experiencing. Everything maps easily in Live and to literally every instrument I've tried, and the knobs are perfect. It also appears to control everything in Analog Lab just fine in this mode as well, so that was easy.
This isn't a review, and I don't work for anybody. I've just noticed that finding the manual is pretty difficult, as on different pages of their site they send you to entirely different PDF documents. I'm putting this here to help fellow newbs to understand how to get this to work from the beginning in case you had trouble finding it yourself: http://downloads.arturia.com/products/minilab/manual/MiniLab_Manual_EN.pdf
Hope this thing lasts for a few years, because it was the best $75 I've spent.