Message from Obedia - Per timecode
 

"Hello Christopher
The answer is that Final Cut Pro 7 has a bug in it that makes it so it does not send time code to the MC Transport we have been recommending people email apple about this issue because its a fix they have to do on their end.

This information has also been updated and can be viewed in your control panel located on the OBEDIA website."

Looks like they want us to contact Apple about supporting timecode.
-C