I been trying to figure this out for some time and now I can duplicate
it. The problem is caused by the updating the field in the table when
it has an index. Remove the index (or don't update the index field)
and everything works ok.

Is this a bug?

CREATE DATABASE testdbc
IF MESSAGEBOX('Do you want to see the problem?',4,'Help!')=6 then
	CREATE TABLE test (f1 C(10) primary key, f2 C(10))
ELSE
	CREATE TABLE test (f1 C(10), f2 C(10))
ENDIF
	

***************** Begin View Definition VIEW1 ***************

CREATE SQL VIEW "VIEW1" ; 
   AS SELECT * FROM testdbc!test

DBSetProp('VIEW1', 'View', 'UpdateType', 1)
DBSetProp('VIEW1', 'View', 'WhereType', 3)
DBSetProp('VIEW1', 'View', 'FetchMemo', .T.)
DBSetProp('VIEW1', 'View', 'SendUpdates', .T.)
DBSetProp('VIEW1', 'View', 'UseMemoSize', 255)
DBSetProp('VIEW1', 'View', 'FetchSize', 100)
DBSetProp('VIEW1', 'View', 'MaxRecords', -1)
DBSetProp('VIEW1', 'View', 'Tables', 'testdbc!test')
DBSetProp('VIEW1', 'View', 'Prepared', .F.)
DBSetProp('VIEW1', 'View', 'CompareMemo', .T.)
DBSetProp('VIEW1', 'View', 'FetchAsNeeded', .T.)
DBSetProp('VIEW1', 'View', 'FetchSize', 100)
DBSetProp('VIEW1', 'View', 'Comment', "")
DBSetProp('VIEW1', 'View', 'BatchUpdateCount', 1)
DBSetProp('VIEW1', 'View', 'ShareConnection', .F.)

*!* Field Level Properties for VIEW1
* Props for the VIEW1.f1 field.
DBSetProp('VIEW1.f1', 'Field', 'KeyField', .T.)
DBSetProp('VIEW1.f1', 'Field', 'Updatable', .T.)
DBSetProp('VIEW1.f1', 'Field', 'UpdateName', 'testdbc!test.f1')
DBSetProp('VIEW1.f1', 'Field', 'DataType', "C(10)")
* Props for the VIEW1.f2 field.
DBSetProp('VIEW1.f2', 'Field', 'KeyField', .F.)
DBSetProp('VIEW1.f2', 'Field', 'Updatable', .T.)
DBSetProp('VIEW1.f2', 'Field', 'UpdateName', 'testdbc!test.f2')
DBSetProp('VIEW1.f2', 'Field', 'DataType', "C(10)")

SELECT test
=CURSORSETPROP("Buffering", 5)

USE view1 IN 0 AGAIN
SELECT view1
=CURSORSETPROP("Buffering", 5)


SET DELETED OFF
SELECT view1
REQUERY()
INSERT INTO view1(f1) VALUES ('Hey!')
=TABLEUPDATE(.f.,.t.,'view1')
replace view1.f1 WITH 'What?' IN view1
=TABLEUPDATE(.f.,.t.,'view1')

IF DELETED('view1') then
	=MESSAGEBOX('This newly inserted record is deleted...  Why?',0,'Hmmm.')
ELSE
	=MESSAGEBOX('Everything is ok.',0,':)')
ENDIF

BROWSE

SELECT view1
USE
SELECT test
USE
CLOSE DATABASES all
SET SAFETY OFF
DELETE database testdbc.dbc deletetables