Gary, Thanks for the quick response.
Before the session, I kept thinking about the length of the USB cable and then I think I might have gone right to the jugular (so to speak). Theoretically USB is great because it's clean and it handles signal distribution well. The problem however lies in speed, so the longer the cable, the greater the risk of aliasing because the signal begins to decay if it has to travel over a certain distance. [i]So, what I did before the session was simply change out the 10ft USB cable to a 5ft USB cable (basically half the distance) and wa-la! [/i]
I tracked a vocal test run and the quality was 1st rate! My apologies for the panic, I should have thought this one through a bit more. I began to remember a few basic principles concerning how signals travel from years ago, studied that stuff in my first years of college :)
In response to your questions, I'm running OS 10.8.2 with a Presonus AudioBox, and an Audio Technica AT2035. I made sure that the drivers for the audiobox and patches (v9.1.7 )for logic were up to date.