Hi Mark,
I agree that there is still a question mark on what the oil level is really supposed to be. I contacted Hyundai national service phone number and had them create a case for this very question. I had the representative look at both service manuals for the 2009 and 2010 and she could see the conversion error for starters. I explained everything I knew and what results I was getting. The next day I get a call for her and she asked me to take my car down to the dealership to have them look into this. They want to do a drain and refill with me watching so they can show me how an oil change is supposed to be performed (I'm sure they think I don't know what I'm doing). I will do this the next time I am ready for an oil change as I have already flushed my engine three times in less than 3000 miles and they agreed.
I'm betting that when they fill it to ~5.50 it will should high again and they will just tell me that it is normal. The service manual clearly says not to overfill past "F". So until I see a TSB or some kind of bulletin stating that the overfill is normal, then and only then will I fill it to ~5.50. Unless they actually installed the wrong
dip stick (which is feasible), I am going to assume they numbers are wrong and that the stick doesn't lie

I did do a search in the parts catalog for Hyundai and my
dip stick part number is the one they show for the V6 3.0 genesis. If the
dip stick is actually the wrong part then Hyundai should be liable for that mistake.
All I know for sure is that when I filled it to ~5.5 it was
always hard to read the stick even with the filler cap open. Now reading the stick easy and consistent and all the other factors (except the numbers) fall into place like the 1/4 increase over night from the filter drain.
I'm going to make sure my concern is documented with Hyundai so I'm covered in the future. I will keep on them to provide me with a logical explanation. If I do get a good answer I will certainly post it here. I hope for the sake of our cars that filling it either way (4.5-5-5) doesn't cause too much excess wear on the internals of our engines.
Ben