This is a great start. Thanks for the suggestions!
It is being used on a PS/2 port, and installing it tonight I ensured it was securely plugged in (with the computer off). Booting up went smoothly. Internet browsing and the first hour or so of gaming went smoothly. Alt+Tabbing out of BC2 a few times went fine, but when clicking back into the game this last time resulted in the keyboard freezing. Note the computer was not frozen. I could still swing around and shoot. This time around, when plugging in my USB keyboard, I was able to regain control of the computer and exit the game (with the USB keyboard).
None of the keys worked on the Dell (further evident by the Num Lock indicator not changing when pressing Num Lock), but my USB keyboard worked. This time I tried unplugging and plugging the PS2 keyboard in while the machine was running (I've never done this before), and all 3 indicator lights on the keyboard turned on, but the keys still did not work. Rebooting the computer got the Dell working again.
daerid: Yeah, the KRO (I think it's 2KRO) is a bit of a letdown, but it hasn't been an issue yet.
DrunkenDonut: No PS2 to USB adapter here, but I'll see if I can track one down.
arc2: I have not tried it in another game but I'll see if I can reproduce the issue in StarCraft II later this evening.
Another curious note: I always thought Num Lock settings were independent of the keyboard plugged in. If I change the Num Lock setting on either keyboard (with both plugged in), the other keyboard follows suit. This may not be related, but I thought it was interesting none the less.