os: ubuntu 10.04 64 bits
package: gnome-bluetooth 2.30.0-0ubuntu3

I've modified /etc/bluetooth/main.conf writing "InitiallyPowered = false", keeping the bluetooth off since start up for energy saving reason.
Now, at start up, the bluetooth indicator in the indicator-applet shows me "Bluetooth: On" and the option "Turn off Bluetooth" even if the bluetooth is off. By the way, the bluetooth indicator behaves correctly graphically, being grey.
Clicking on "Turn off Bluetooth" obviously does nothing, except to change the text in "Bluetooth: Off" and the option in "Turn on Bluetooth" (which is the correct option in this case, the bluetooth being off).
At this point the bluetooth indicator's behavior returns to normality: clicking again on "Turn on Bluetooth" turns on the bluetooth and the indicator switches consistently to the on-state (the indicator is white, "Bluetooth: On", "Turn off Bluetooth"), clicking once again on "Turn off the Bluetooth" turns off the bluetooth and the indicator switches consistently to the off-state...etc.

The whole problem shows also using "hciconfig hci0 down" instead of modifying /etc/bluetooth/main.conf, even running the command not necessarily at the start up.

(Sorry for my bad english. I'm Italian. I hope you can understand the report)

ProblemType: Bug
DistroRelease: Ubuntu 10.04
Package: gnome-bluetooth 2.30.0-0ubuntu3
ProcVersionSignature: Ubuntu 2.6.32-22.33-generic 2.6.32.11+drm33.2
Uname: Linux 2.6.32-22-generic x86_64
NonfreeKernelModules: nvidia
Architecture: amd64
Date: Sun May 9 22:54:58 2010
InstallationMedia: Ubuntu 10.04 LTS "Lucid Lynx" - Release amd64 (20100429)
ProcEnviron:
 LANG=en_US.utf8
 SHELL=/bin/bash
SourcePackage: gnome-bluetooth

https://bugs.launchpad.net/ubuntu/+source/gnome-bluetooth/+bug/578000