Kovid
How about a second level on the start up wizard?
The first level is what we have now, except there are now 2 buttons:
"I'm ready to go with the most common settings as default"
"I am fussy, please let me choose the defaults"
If you pick button 1, the settings are what the majority of users (I will get to this

) use for the chosen device.
Button number 2, just makes the choices that button 1 sets visible.
If the form has not been previously completed for the
previously selected device, the form is preloaded with the settings button 1 would use. Prior usage would show the settings AND a Mark Suggested button (reset).
OK Now I am back to the Majority of Users thing

Add a "help us help others" button, that the user can
choose to click, that would send additional (to the statistic collection) non-user-identifiable information, on their wizard chosen device and preferences to be used to create a DB of commonly used preference settings that could be used to create a settings pattern.
This might answer the age old question: "What settings do you use with a model K?"