Well, IVM official forum support is a joke. Thank you to the users though. You would think with such great software there would be a little more interaction from the developers. I do not think I should have to purcahse support just to get a basic feature working in the software, but that's just my opinion.
For anyone else that reads this, I tried a couple other voice modems without good results. I finally broke down at bought the Way2Call Lite (www.way2call.com). Although more expensive than a voice modem, it is cheaper than a telephony board, and it works GREAT!
I have only used it for a couple days now, but here are my results:
WINDOWS 7 32-BIT WITH IVM 5.02 & WAY2CALL LITE:
Sound quality: Excellent
Tone detection: Excellent and Fast
Compatibility: No problems yet except when I enabled End of Call Tone Detection (I am on an analog phone line through a cable modem) it crashes.
End of Call Detection: Only software based works on my system, and is hit and miss. Seems better with landlines than cell phones.
Call Transfers: Still setting this up but seems to work fine.
Hope this info will help some people!