It's Microsoft EXEPACK. A little Google would've told you and given you a lot more info than anyone would bother to reproduce here.
>>3,4
Use IDA for any length of time beyond the initial "wow, cool!" impression and you'll hit little stupid niggles like this. Its analysis engine was designed with compiler output in mind and doesn't seem to do much more than basic static jumps. Indirect jump analysis is probably a hardcoded scan instead of execution simulation. SMC and tricks with the stack will confuse it greatly.
Maybe this made sense in the 90s when RAM was expensive and CPUs slow, but machines now have enough processing power to do much better. As far as I know the analyser in the latest versions is still single-threaded (they decided to make the debugger multi-threaded, when what really matters is the analysis engine) so getting more cores isn't going to make it analyse faster even though it could, by tracing multiple code paths in parallel.
All of this, along with things like a lack of undo function and being proprietary, meant we abandoned it long ago for our own system. It's client-server, and currently runs on an 8-node cluster but easily scalable to many more. The back-end database is a real database, and it stores architecture definitions and a lot more other info so it can be easily updated and queried. Wanting to find a specific set of instructions/sequences is as easy as a line of SQL. Limitless undo is supported. (http://www.hexblog.com/?p=415 -- why doesn't IDA move to a real database? Requiring something like MySQL or Oracle isn't a great idea, but even just embedding e.g. SQLite would make the product a lot more flexible and easy to use.)
tl;dr: Not satisfied with existing offerings? Make your own and grow it to fit your needs. Ours grew from something much less featureful than IDA but more targeted, to a vastly flexible platform on which to base future work. It used to be a plain desktop application of a few hundred KB, but now it's become an infrastructure.
>>8,9
In the early 90s, I predicted that would happen. Too bad they're not exactly compatible with the standard PC.