It does for me under Windwos 7.
I have vista64 and a project on one computer, and windows7 64 and another project on a different computer!!
Continuing to search for solution -- very, very, very annoying problem!!!
For both my Vista 64 and Windows 7, with CS4, the program monitor and timeline panel become "disconnected" when I click on the timeline panel ruler or move the playhead in the timeline, and then the timeline panel does not update when use control+arrow to move to a different sequence marker..
When use the playhead or click on the ruler in the program monitor, they "reconnect" and the timline panel now updates.
It would be nice to have them "connected" all the time.
Hm-m, maybe it's time to give some system details, and also any accoutrements, such as tweakUI, or Window Blinds. Also, please list things like the mouse drivers, and also the vid-card's driver version. Something is happening, that most are not seeing, or encountering. There has to be something happening here.