I also have the problem with the Normalize filter flatlining SOME of the audio. Slicing off just a fraction at the end of the track does seem to do as a work around, but it is not very convenient. Is there a real fix for this? Thanks
Normalizing before all peak files are finished building seems to be at the root of this. Try going to the folder that has the problem media in it, and delete all ".sfk" files (the peak files), then go back into Vegas, zoom the timeline all the way out and hit F5- this will rebuild all the peaks. The flatlining events should be ok after you do this.