Hi Ken --
The ability to click on a WAV file and, voila!, MIDI, is well-beyond mainstream technology. There are ways to convert simple WAV file stems (i.e., individual instrument parts) using Celemony Melodyne or similar tool. However, even Melodyne, etc. require a lot of hand tuning. Probably not what you're looking for.
Other folks mentioned Multi Audio Recording. This is absolutely one of my favorite tools on Genos. The simplicity and workflow are ideal for "Les Paul sound on sound" recording. It has features for WAV import and export. I bounce WAV audio files between Genos and Cubase that way.
Hope this info helps -- pj