My brand new Kenwood TS-480SAT does the same, On the 6 different watt meters I have, which range from my El-Cheapo Midland vintage, to my Bird 4430 with Peak reading Kit. Best I can tell it sounds ok. As for signal strength on receive it seems to do the same. It also draws LESS current on voice peaks. Now this I'm sure can be minimized, and probably doesn't sound too bad, however, it sure as hell isn't going to sound better then my Old EFJ Valiant as some on the forums seem to think.
BTW, It makes absolutely no difference, 5 watt minimum, or 25 watt max, Antenna, Dummy Load, or band, does the same thing, Now SSB, thats a different story...
One of these days I'll get into the service menu and try some different settings, from what I've read it will help some, just not a priority.
Hi Mr Fatty, sounds exactly like what this rig is doing. I'm going to have the rig checked out and see what is really going on. It may just have a button that says AM. It really does nothing of the sort. I'll be posting, and thanks!