Yes, at the top right of your Arrange area, look for a "Drag" pop-up menu.
Great, found it, thanks!
Understood, it's just that it doesn't make sense to add the fade when you perform the cut, it makes sense to add the fade when you combine the cut region with something else - which is what the Xfade Drag mode does.
I have a "default" setting that I usually consistently use when blending tracks. Having different settings happen when I do the drag option still requires me to go in and take it to the default setting that I like.
Also the drag-x-fade seems a bit buggy when using it in groups (which I currently am doing). It doesn't seem to give the same value to all the regions in the group when I move them all.
I'll find the best way to implement all this. Would still love if there was an automatic crossfade creating option but oh well.
Thanks again for the help David.