Conditional formatting applied to a named range reverts to an absolute reference?

JC Reardon 

Sorry but CF is an antiquated pile of junk that Microsoft hesitates to touch*.  It is full of weird visual effects that will make your workbook look like a Romany caravan at sunset, but short on practical considerations, such as how to define the 'Applies to' range so that it follows an named range, much less a spilt range.  CF has always performed calculations using the array calc. but then it doesn't use it, instead truncating the condition to the top-left value.

Something CF truly excels at is the creation of fragmented and erroneous ranges.  

* I do seem to vaguely remember some improvement being made recently.  If someone can point me to it that would be useful.  I would be delighted to recant some of my criticism.