Edit: Oh, I totally misunderstood.
The first time you install the Bitcoin software you need to sync up with the P2P network. Your client should say "Block 116,642" or more.
The blocks increment every so often. If your client is out of sync it will download the missing blocks automatically. You can see the current block count @ bitcoinwatch.com.
You only have to sync your client when you first install it. It's not a bug.
The "blocks" are containers that have transactions inside of them. If you did a spend from MyBitcoin to your PC you won't see it unless your client is in sync with the rest of the network.
FYI: You can view the contents of these blocks by going to blockexplorer.com
Quote:
Originally Posted by facialfreak
Approximately how long should a transfer take to complete?
I sent the 0.05 BTC balance I had at MyBitcoin.com to my wallet - about 35 minutes ago, and they still have not shown up in my wallet?
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