Follow up:
I tried deflating/inflating the tire and got nowhere. Took it to my local shop and they dismounted it, soaped it up heavily and tried again. Even with 80+ PSI in it (in a tube!) it still wouldn't seat. When they put it on the truing stand, I could see the egg shape from almost 40 feet away.
At this point, I can tell you that the vendor was Sirius Consolidated. I have been in contact with them and relayed the latest findings. Within 20 minutes, they responded that they were going to replace the tire but THEIR vendor was out of stock 'til April, so they issued me a full refund!
For once, excellent customer service prevails!
I've used them before, both through eBay and direct from their website, for everything from jets and carb kits to tires. This is the first time I've ever had an issue and can only give them TWO BIG THUMBS UP!