This seems to be still broken :-(
The \intertext{} workaround however is still working, luckily

2010/11/23 Vladimir Lomov <lomov.vl@gmail.com>
** Aditya Mahajan [2010-11-23 11:17:55 -0500]:

> On Wed, 24 Nov 2010, Vladimir Lomov wrote:
>
>>Hi.
>>
>>The example with start/stopintertext from 'mathalign.pdf' (My Way, Using \startalign and friends,
>>Aditya Mahajan) gives error with current context (beta):
>><example file="ex2.tex">
>>%%% Seems that there is a problem with \start/stopintertext . This command is described in mathalign.pdf
>>%%% (MyWay).
>>
>>\starttext
>>
>>Here the start/stopintertext should give text between formulas
>>\startformula
>> \startalign
>>   \NC \exp^{\imath t}=\cos t+\imath\sin t\NR
>> \startintertext
>>   This is famous Euler formula, below one is known as Moivre formula
>> \stopintertext
>>   \NC (\cos x + \imath\sin x)^{m} = \cos mx+\imath\sin mx \NR
>> \stopalign
>>\stopformula
>>
>>That's it.
>>
>>\stoptext
>></example>
>>
>><error_message>
>>! Misplaced \noalign.
>>\startintertext #1\stopintertext ->\noalign
>>                                           {\dointertext {#1}}
>>l.12   \stopintertext
>>?
>></error_message>
>>
>>$ context --version
>>
>>MTXrun | main context file: /usr/local/opt/context/tex/texmf-context/tex/context/base/context.tex
>>MTXrun | current version: 2010.11.20 12:51
>>
>>Is this a bug or I do something wrong?
>
> Bug, and it seems a rather old one. It also fails with 2010.05.24.
>
> I cannot debug this right now. A quick workaround is to use
> \intertext{...} instead.
Ok, thanks.

P.S. I thought that all start/stopXXX commands has cousin commands
\XXX. Seems that I was wrong.

--
On the subject of C program indentation:
       "In My Egotistical Opinion, most people's C programs should be
       indented six feet downward and covered with dirt."
               -- Blair P. Houghton
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