I don't mean this to be a personal attack, so please don't take it that way, but comments like this read to me as being written by a young, inexperienced programmer. I happen to know that this is not your case, but without checking the username, I would immediately classify this comment as such.

The people over at Microsoft are not idiots - even though Microsoft is no longer the new hotness, they still pay developers well, and have some pretty tight engineering going on. So when you say "The Event constructor is broken out of the box", my first instinct is to assume that the Microsoft engineers have implemented the constructor in their way for reasons that you're not smart enough to have grasped.

But, as I said, I know that you aren't a young inexperienced programmer, so you probably have some good reasons to make the claim, which leads me to the point of this rambling post - why is the Event constructor broken in IE? I'm curious to know what specific problems you have with it.