Regarding the sensor exposure, it may be that the sensor has a 16b internal counter, in 1ms increments, so 65 seconds is the most it can get until the timer overflows. I don't see any other reason why it would stop at this magic number.
I wonder if it's possible to do the same on my A530.
Didn't tried more time.
The extended exposure times, I believe, is a feature that must be on the official CHDK releases.
Would it be possible to post some long exposure stuff converted from RAW?
RAW is not better than JPEG.Here is DNG for 10 min exposure - CRW_0276.7z - 6.25MB