I agree with you 100% and then some. Unfortunately (and you can probably see this by going back and looking at the commit history, <3 open source and version control!) you have no idea the number of emails I received about this being an "incomplete solution" and "incompatible with porting existing Win32 code" because of the lack of PulseEvent.

From the README:

    -DPULSE: Enables the PulseEvent function. PulseEvent() on Windows is 
    fundamentally broken and should not be relied upon — it will almost 
    never do what you think you're doing when you call it. pevents includes 
    this function only to make porting existing (flawed) code from WIN32 to 
    *nix platforms easier, and this function is not compiled into pevents by
    default.