FYI... I wanted to make sure this request was captured in our database, so I've filed a Change Request (S-97542) with development.
For everyone else who may be viewing this thread, the functionality that exists in the current product (08.11.09.493) to view Point Clounds is to create a Terrain using the Terrain Model>Import from Point Cloud command. This change request is to enable the ability to view the actualy Point Cloud points at a specified bandwidth, and honoring the point cloud view settings.