Bit Field Returns DBSTATUS_E_UNAVAILABLE? (OLEDB)

Say I create a table that contains a nullable bit field as so:

CREATE TABLE FeatureCodes (FeatureCode int NOT NULL,FeatureName nvarchar(80),FeatureExtractorId int,FeatureValueType bit,ModTime datetime Default GETDATE())

I then insert a row as follows:

INSERT INTO FeatureCodes (FeatureCode,FeatureName,FeatureExtractorId,FeatureValueType) VALUES ('1','One','123','1')

Now if I look at the row via the query analyzer, I see the following:

1 One 123 True 2007-09-04 10:18:06

Now when I try to select the row via OLEDB, the FeatureValueType has a status of DBSTATUS_E_UNAVAILABLE.

MSDN's definition of the error is:

"The provider could not determine the value. For example, the row was just created, the default for the column was not available, and the consumer had not yet set a new value."

According to the above I shouldn't get the error considering I DID just set a new value. What's going on here?

Also, what's the "proper" method for inserting a bit value? I noticed 'True', 'TRUE', 'true', True, TRUE, and true do not execute.

Edit: If I use NULL instead of '1' in the insert statement, the selection works as expected returning DBSTATUS_S_ISNULL