form_state not providing expected results

I have created a form.. done this many times, but today's form takes advantage of the theme('table',...) concept, allowing me to do something I've done for quite some time in standard php.

Goal: Display multiple rows in a table like form

I've dummy downed the form here...

function programs_overview() {
  $form['header'] = array(
	'#type' => 'value',
	'#DANGEROUS_SKIP_CHECK'=>true,  // To prevent drop downs from generating false errors..
	'#value' => array(
		array('data' => 'Action'),
		array('data' => t('Title'), 'sort' => 'asc', 'field' => 'title'),    
		array('data' => t('Schedule'), 'field' => 'programs_stype'),
    )
  );

 $r = db_query("SELECT node.nid AS .... [REMOVED FROM SNIPPET]

 // Define a populate my drop down array
  $soptions = array();
  $soptions = listschedule();	// simple function returns an array of drop down items

	$i = 0; // index to establish UNIQUE name for fields...
  foreach ($rows as $v) { // loop through data and generate the form rows...
  $nids = "<a href='/node/".$v->nid."/edit'>Edit</a>";
  $form['nids'][$v->nid] = array('#type' => 'markup', '#value' => $nids);
  $form['title'][$v->nid] = array('#type' => 'markup', '#value' => $v->title);
  $sindx = 'soption'.$i;
  $form['programs_stype'][$v->nid] = array('#type' => 'select', '#name' => $sindx, '#default_value' => array_search($v->programs_stype,$soptions), '#options' => $soptions, '#multiple' => FALSE, '#id' => $sindx, ); 
  $i++; // Increment
  }

  // Old fashion counter 
  $form['num_rec'] = array('#type' => 'hidden', '#name' => 'num_rec', '#value' =>$i);
  $form['submit'] = array('#type' => 'submit', '#value' => 'Update');

  return $form;
}

function theme_programs_overview($form) {

	//Prepare Page Header
	$output = "<p>Below you will find.... [REMOVED FOR CODE SNIPPET]</p>";

	// Loop through to create individual rows..
  foreach (element_children($form['title']) as $key) {
  $row = array();
  $row[] = drupal_render($form['nids'][$key]);
  $row[] = drupal_render($form['title'][$key]);
  $row[] = drupal_render($form['programs_stype'][$key]);		
  $rows[] = $row;
  }


  $output .= theme('table', $form['header']['#value'], $rows);
  $output .= drupal_render($form['num_rec']);
  $output .= drupal_render($form); // Process any other fields and display them
  $output .= "<p><i>If there is no data above this line - Synchronize Programs</i></p>";
  return $output;
}

The form generates without error. And the submit works well. However, I anticipated being able to view my form submission select data in my programs_overview_submit() function by referencing entries as follows...

while($i<$form_state['values']['num_rec']) {

  // get the select value results ... I plan on running an update query here, but those details are unimportant.. So I will simple assign the value
  $wheresmyselect = $form_state['values']['soption'.$i]
  $i++;
} // End OF WHILE

So, here's the weird part, when I do a data dump on $form_state['values'] the select boxes are NO WHERE to be found. The correct data is found
$form_state['clicked_button']['#post']['soption'.$i]... but something tells me I shouldn't use this...

So, pretty long winded after all.. but I'm hoping to find an answer to

Where is my $form_state['values'] data...

any insight would be greatly appreciated...