I started a new testnet wallet with a self-compiled v0.7.1-269-gf4445f9-beta (blkfile_upgrade). I immediately started mining using -gen=1

I noticed the number of transactions going up by 1, but there was no transaction showing up. This might be related to coinbase tx which tend to show up later than I would expect them to.

Even now, the wallet says 38 tx but if I count right its only 35.