Ok so after asking around in several other forums, someone suggested that the jitter happens due to Access adding "too much" to the latest firmware. He stated the latest firmware that he had was 5.1.3.00 and did not intend to upgrade due to this fact. I tried to downgrade and, lo and behold, notes are now on grid on par with the other hardware gear I have.
So if anyone struggles with midi jitter / notes off grid with their Virus TI2, try downgrading to 5.1.3.00!
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