Here is the last log file, see the initial settings after a disconnect. The only parameter that is not restored is the "Close Up".
17:21:38-Saturday, 26 June 2010-GBTimelapse 2.1.19.0, Start session log
17:21:38-Camera connected, PowerShot G3 using CDSDK
17:21:38-Mode=Manual, ISO=100, Tv=1/10, Av=f/8.0, AFLock=False, AF=Close up, WB=Flourescent, Flash=Off, Exp comp=None, Flash comp=None, Meter=Eval, Effect=Off, Size=Large/Normal, Focal length=35mm
17:21:38-Begin new session in D:\Timelapse\100626_1721\
17:25:58-Time-lapse stopped
17:25:58-Error! Capture - ErrorCode = 0x0C000002 (CDSDK_COMPONENTID cdINTERNAL_ERROR) at image 13
17:25:58-Attempting capture error recovery
17:26:02-Camera disconnected, PowerShot G3
17:26:09-Camera connected, PowerShot G3 using CDSDK
17:26:09-Initial settings: Mode=Manual, ISO=100, Tv=1/10, Av=f/8.0, AFLock=False, AF=Auto, WB=Flourescent, Flash=Off, Exp comp=None, Flash comp=None, Meter=Eval, Effect=Off, Size=Large/Normal, Focal length=35mm
17:26:09-Time-lapse started
17:26:09-Current settings Mode=Manual, ISO=100, Tv=1/10, Av=f/8.0, AFLock=False, AF=Auto, WB=Flourescent, Flash=Off, Exp comp=None, Flash comp=None, Meter=Eval, Effect=Off, Size=Large/Normal, Focal length=35mm