Wow, a lot of varying opinions. At this point I have no idea what the suppliers tolerances are but I will be checking this before ever buying another piece of steel...
Here's an example of what the majority of the steel looks like. I ran this one on few passes across the platen to help show the high/low spots...
The cup is plainly visible without a straight edge while looking down the length of the bar--I'll try to get a decent picture of it this evening. I did manage to grind this piece down flat and took off roughly .010 until the cup was gone. I know my grind technique is far from perfect but I'm assuming cupped steel like this will cause evenness problems while grinding the bevels (unless I grind it flat, of course...) ?