Hi Louis,
I did some testing with a little midi file I created myself (the intro of Rhapsody in Blue, see my other post). I use the Myriad Harmony (version 9.4.7 on Windows Vista-64) program to enter music.
a) type-1 midi export from Myriad Harmony will not load (no warning given).
Type-0 export does load normally.
And older dump program stopped also, could not handle meta events.
I have included
RiB-intro-v03-ch3%28typ0%29.zip both the type 0 and type 1 midi files and their ascii dumps.
(note: the notes in bar 3 and onward are not all correct)
b) the stave split of course: low right hand notes displayed in the bass stave.
c) the B-Flat (2 flats) signature is shown as B-Major (5 sharps) after loading the file.
Work-around: you can manually switch to B-flat after loading.
d) the sequence of short notes are shown on top of each other.
See the screen dump

. For the original score see the RhapsodyInBlue image in my previous post.
After the first note there are seventeen 1/32-th notes in the time of 16.
In the dump I noticed that the next note begins before a note end. (I haven't yet tried to shorten the notes so that the don't overlap).
e) latency of the Microsoft GS Wavetable Synth in Vista
When I installed the Vista drivers for my Yamaha KX61 keyboard (or Cubase AI 4 ?), there was also installed the "ASIO DiirectX Full duplex driver" This should have much less latency then the MS GS Synth (the latter cleary beeing designed for playback-only purposes).
n.b. This driver does not show up in the selection list of PB, but I do not know if it should? Probably I should find a soft-synth that uses this ASIO driver.
Regards,