This is the feedback I got from NI UK -
"The bug should be fixed in the next version of LabVIEW which won't be out for a while. The ax-events.llb are included in LabVIEW 7.1(though not on the functions panel) although I do not know yet whether they will be in the next revison. You should be fine using the old vi's for now and you can always include the library for compatibility with future versions."
Certified LabVIEW Architect