I'm getting itermittent data loss when calling .NET [Console]::ReadLine() to read piped input to PowerShell.exe:

>ping localhost | powershell -NonInteractive -NoProfile -C "do {$line = [Console]::ReadLine(); ('' + (Get-Date -f 'HH:mm
:ss') + $line) | Write-Host; } while ($line -ne $null)"
23:56:45time<1ms
23:56:45
23:56:46time<1ms
23:56:46
23:56:47time<1ms
23:56:47
23:56:47

Normally 'ping localhost' from Vista64 looks like this, so there is a lot of data missing from the output above:

Pinging WORLNTEC02.bnysecurities.corp.local [::1] from ::1 with 32 bytes of data:
Reply from ::1: time<1ms 
Reply from ::1: time<1ms 
Reply from ::1: time<1ms 
Reply from ::1: time<1ms 

Ping statistics for ::1:
    Packets: Sent = 4, Received = 4, Lost = 0 (0% loss),
Approximate round trip times in milli-seconds:
    Minimum = 0ms, Maximum = 0ms, Average = 0ms

But using the same API from C# recieves all the data sent to the process (excluding some newline differences). Code:

namespace ConOutTime {
    class Program {
        static void Main (string[] args) {
            string s;
            while ((s = Console.ReadLine ()) != null) {
                if (s.Length > 0) // don't write time for empty lines
                    Console.WriteLine("{0:HH:mm:ss} {1}", DateTime.Now, s);
            } 
        }
    }
}

Output:

00:44:30 Pinging WORLNTEC02.bnysecurities.corp.local [::1] from ::1 with 32 bytes of data:
00:44:30 Reply from ::1: time<1ms
00:44:31 Reply from ::1: time<1ms
00:44:32 Reply from ::1: time<1ms
00:44:33 Reply from ::1: time<1ms
00:44:33 Ping statistics for ::1:
00:44:33     Packets: Sent = 4, Received = 4, Lost = 0 (0% loss),
00:44:33 Approximate round trip times in milli-seconds:
00:44:33     Minimum = 0ms, Maximum = 0ms, Average = 0ms

So, if calling the same API from PowerShell instead of C# many parts of StdIn get 'eaten'. Is the PowerShell host reading string from StdIn even though I didn't use 'PowerShell.exe -Command -'?