ok, Conference Room IRCd's report /names as Nick!User@Host so that people dont /who the server to fill their IAL list.. mIRC handles this fine when populating the nicklist but an actual /names #chan only returns one or two nicks SOMETIMES!

mIRC Output:
#hamilton5 @Talon
#hamilton5 End of /NAMES list.

Debug Output:
<- :glass.webchat.org 353 Talon = #hamilton5 :@Talon!Talon@=igvbyuerfm.raex.com @Tr[a]visK!Travis_jk@=kUp-48-8-673-77.hsd1.tx.comcast.net @digits!digits1_9@=4ithgx-55-603-335-416.buff.east.verizon.net @Hamilton5!KiLLeR@=nz43-594-757-6.client.mchsi.com
<- :glass.webchat.org 366 Talon #hamilton5 :End of /NAMES list.