Alex at Eletroworld indicates that SmartDevices is aware of the V7 problems and is working on them. (Perhaps SmartDevices rushed too much to get the product out the door in time for holiday shoppers.)
He is very confident that a firmware update will resolve the V7 problems, asked me to hold on to the unit, and test it again after I install the update.
I agreed to do this because I want to be fair to Eletroworld and SmartDevices.
Afterall, the V7 is a new product.
I'll keep everyone posted on how things go.
Also, Alex mentioned some special December 2009 pricing for the SmartDevices lineup. Now, that's good news. Watch out Wirelession W1060/A81! Here comes the price war.

I'll post about it after I get more details.