Got the replacement unit and still had some problems, some what different in nature, but the Torque guys figured out the correct settings and it now works like a charm.
I'd like to thank both ScanTool and Torque for their support and quick response. I will be sending the first unit back in the morning, not wanting to send it in till we determined if it was a unit or software problem. Although the second unit did not work at first, I believe it was strictly a user problem. I'm pretty sure the first unit was in fact defective, but I hope you are able to test it and make sure there is a problem with it and not just toss it.
Just wanted to tell anyone that is sitting on the fence as to whether to spend the few extra bucks for this unit versus some of the cheaper models that are out there, spend the few extra bucks. This unit has very fast data transfer and is very stable while monitoring. As seen here this company is very quick with their support and advice. Thanks again guys for a great unit...and now I'm off to watch some full throttle shift points :-)