I too have this issue, however, the wire that was hot all of the time in Onebad7up's situation is functioning normal in my situation.
The worst part is, I have this engine in a different car with all new wiring and the problem followed the engine. The MAF and all other sensors were also transfered with the engine. I have tried 3 different distributors, 3 different coils, different plugs, wires, cap, rotor. I have tried everything and have had the problem for 2 years. I dont know what else to try.
The problem is the same is onebad7up's. Pull the spout out, set timing to 10 degrees, leave spout out and rev the engine a little and the timing drops to 0. Let id idle and it will slowly come back to 10 degrees. I have tested the balancer to ensure that its not spinning bu putting a line across the face. Anyone have any suggestions?