I'll have to play with it, maybe it 'cancels' the speed setting while leaving the cruise control 'on'. The Button turns it off, so to reset it, you have a two step (button - set). If the cancel just removes the speed setting, you would be able to reset with just one setp.
DaveinOlyWa said: "i am at a loss to figure out what cancel does since the button on the stick seems to do the same thing by toggling cruise control on and off." Response: All memory of previous set speed is lost when you push the button at the end of the stalk. You can't command the cc to return your car to its previous speed after turning it back on. If you cancel by pulling the stalk toward you (or by hitting your brakes), you can resume your previous speed simply by moving the lever as if you were increasing speed with cruise control engaged (moving it up and away from you). Hope this helps, Ken