Anthony,
I suspect based on your post it has something to do with a combination of temperature and mixing. Temperature was in the high 50s low 60s when I applied it but the car was cool to touch (cold rinse water) I was worried when I started thinking it was too cool since you are not supposed to apply below 55 C. I also shook the bottle before starting but did not agitates much during the application.
I put in on very thin and used little product (probably less than an ounce for a small roadster). On the hood, I sprayed a section lightly, then spread it with a MF pad, then removed it with an MF towel. On the rest of the car I wet the MF pad and spread it thinly let it haze then removed.
I will try again when I am sure it is high 60's and car is warmed. I will also try several panels with AIO, VM and EX-P underneath to see if that makes a difference. I was just disappointed that it was not as slick as EX-P surface my first time out