Doma,
"Read the Wave/IBM press release & explain which
part you have a problem with that could be construed
to be misleading to a 8 year old native english speaking child?"
Are you saying the SEC is comprised of 7-year old illegal aliens?
Please tone down your rhetoric. It's quite clear that a LOT of people have a problem with the Wave PRs. Whether or not the SEC ultimately penalizes them, or whether the class-action suits advance, is a different story.
By the way, the word English should be capitalized, Mr. Commentator on Other People's English Skills.