Thanks folks. The bit was new, a Bosch. After further investigation and thought, I think the problem may have been using the round-over bit on both sides. I think it caused the bearing to hang. As far as the finish goes, it will have to stay the way it is. The wife absolutely refuses to let me have it back.
Rich, I really want a spokeshave. Using the plane to curve the drawer and table top was very fun and relaxing. I want a lot more planes! If I could find enough planes to replace my router I would be in heaven.
Where are the band-aids?---Pro Libertate!