That is, each Project can have different MIDI channels set per track. For example Project 1 has track 1 set to channel 1, Track 2 to channel 2, Track 3 to channel 3 and Track 4 to channel 4. Project 2 though has Track 1 talking to channel 2, track 2 to Channel 5, Track 3 to channel 8 and Track 4 to channel 11.
This would enable greater flexibility in configuring hardware setups.