The file time appears correct when opened normally in VLC. The file time appears incorrect when added to a VLC Playlist (until the file is played), and that is not as it should be.
But all of this is beside the point, because MP3s are for clients and they should appear and play correctly no matter where the client views or plays them. ALL other program’s MP3 times appear correct in Windows Explorer and Mac Finder, as they should. And Wavelab MP3s should too, so this should be fixed as it is in other programs. The long file CBR timing problem is with Wavelab Fraunhofer CBR. Doesn’t seem to happen with Wavelab LAME CBR here.
The worse problem is the VBR problems, because Wavelab is the ONLY program making VBR MP3 anymore that doesn’t use VBR headers, so times are misreported in many situations, and player playhead behavior is adversely affected, which makes absolutely no sense coming out of a mastering program where clients are sent MP3 files.