I haven't raised an issue for this as it's just the way the binding has always worked. As I said earlier, this is an enhancement that I'm doing, and it will be included after the 1.6 release, but currently the initialisation code of the binding hasn't (or at least shouldn't! have) changed since 1.3 (which I think was the first version of the zwave binding).
The 7fffffff simply means that the device isn't initialised yet but it shouldn't affect the majority of sensors - all of my battery devices (I have 7) iniitialise fine. It can take a few wakeup periods, but again, this has always been the case, and will likely continue to be the case even with the enhanced initialisation code.
I appreciate that it's not ideal as it is (which is why I'm trying to enhance it :) ), but this is quite a major change to the binding since the initialisation code is currently embedded in a large number of classes and consolidating it has meant a large number of files have changed so I don't want to do this just before a major release. If I can avoid work this weekend I'll try and merge this into the main codebase since that now looks solid, and I'll get a test version released on the HABmin site.
Cheers
Chris