I have been waiting for this feature since I got saddled with AutoCAD R11 some 15 years ago. Micostation has had no problems with this since day one.
Frankly I feel that they simply couldn't care a less or it would have been done years ago. I have similar issues with a simple 3D arc/fillet and mod command, which still has limitations today.
In 2011, Feature Lines and Survey Figures now display linestyles, which is great, however there is no linetypegen on those objects. So if you have short segments you still end up with effectively continuous lines, or sporadic spacing on the style.
Does anyone at Autodesk field test these new features or what? As others have mentioned this is no issue in Microstation.