I have experienced a similar issue to this in 2.0.1, however my timecode signal is coming up square (perfectly square on CD timecode, Square with little "wings" on each corner on Vinyl)
I can also confirm, like Phil, I have checked and triple checked all settings, and still experience major issues. 1.7.1 works fine (if sounding a little grainy, but that may be because it's the old audio engine)
I haven't tried 2.1 or 2.2 yet, so I will do this when I get home.
I am also going to make sure I have the latest drivers from ESI.
Will let you all know how I go
