Making the move from FCP to PP myself and have hit this same issue.
From what I can find it’s unfortunately not going to work like FCP. I’m ripple editing with the cmd+mouse method and then pressing page down to take the CTI back to where it should be.
I had the same issue as you and was banging my keyboard like a loon whilst nothing happened… until I found out…
… if you select the tracks (click just outside the left of the time line to grey out the track) you want the next/last edit point page up/page down thing to work on it works. Simple as that. Actually very clever as you don’t have to have tracks that you’re not interested in selected so it won’t jump to their edit points.
Still an extra key stroke, but a small price to pay for not having to deal with FCPX.
Any help?