Thanks for all the replies.
To answer your questions, the light is on from the moment I power up the Voyager. Even if I don't have anything plugged into the EXT AUDIO jack. External audio is also disabled in the mixer. I don't have the software so I'm not able to check anything that way.
Also, when I plug in a line-level signal, like a drum machine, the light stays illuminated and actually DIMS when it is clipping...very bizzare!! The dimming only happens when the volume knob is all the way up in the mixer. Otherwise, the led just stays on.
I've already contacted Moog, I'm thinking I'm gonna have to ship this back to them for repair
Joe