I have now double checked by re-installing Electrum on a fresh XP VM, and I am pretty sure I can confirm the issue, unless I am really mixing things up.
Please follow my process...
I select to restore from seed but then I copy the MPK (128 hex chars), not the seed:
https://i.imgur.com/FMOOCFX.pngI get a wallet with my BTCs, and it does not seem a watch-only wallet:
http://imgur.com/nZHymGeI send a payment and get "payment sent"
http://imgur.com/MBndxHG the transaction appears to be signed:
{
"hex": "01000000013fca0752d65f3903f51a3e7f8b7abd01bdafd255343a261df4bbe230eb93435c00000
0008a47304402202cd08bf90ac63784afb2dcf4f6e97b3c8781d3831c1897d379423d8343f9537c
0220275d30b59d7609508f1a4466e6bc414549c93cd6cda84f1ad9796c8eeb4679b1014104a9999
add8b93702c671b3ebceeab3b5a69bcd60d984372de4d73848b73e13fe3d25d1d9e7ab76f5dd74f
abcbe831b44bdf9d8c6e2029344b6f3ec6fd401c2269ffffffff0260182300000000001976a914c
b7801827ada1c3e2e7726762eddada2de61c83e88ac20043600000000001976a9147d4977a484da
53b5573032ca6d580996f133a63a88ac00000000",
"complete": true
}
and seems to have been accepted (even not yet visible on the blockchain)
http://imgur.com/jMVqVRVBTW, the same address shows two transactions I generated earlier today with the same mechanism.
Again, I am very puzzled.
I also checked on the offline PC with Tools-Master Public Key and I get a window "Master Pulic Key" with the same MPK I pasted in the online PC (8206 .... 3835)
EDIT: the transaction in now in the blockchain:
http://blockexplorer.com/tx/476f440dea98b03d4c495676e2d169a69e9f5ae963955570ef6f78b45dd03a13#o0