Scenarios:
1. If I have a group (add_more), with a conditional inside – that works as expected.
2. If I have a group (add_more), with a conditional outside (controlling whether or not the group is shown) – that works as expected.
3. If I have a group (add_more), with a conditional outside (controlling whether or not the group is shown), and a conditional inside – that does not work as expected.

Tested on 0.9.4.29 and 0.9.9.7 (different results on each version).

<?php
/*
Title: test
Post Type: post
Order: 1
Collapse: false
*/
piklist('field', array(
  'type' => 'radio'
  ,'field' => 'show_hide_group_two'
  ,'label' => 'Radio'
  ,'choices' => array(
    'show_group_two' => 'Show Group Two'
    ,'hide_group_two' => 'Hide Group Two'
  )
  ,'value' => 'hide_group_two'
));

piklist('field', array(
  'type' => 'group'
  ,'field' => 'group_one'
  ,'label' => 'Group One - Always On'
  ,'add_more' => true
  ,'fields' => array(
    array(
      'type' => 'select'
      ,'field' => 'show_hide_text_one'
      ,'label' => 'Show or hide text input'
      ,'columns' => 4
      ,'choices' => array(
        'show_text_one' => 'Show'
        ,'hide_text_one' => 'Hide'
      )
      ,'value' => 'hide_text_one'
    )
    ,array(
      'type' => 'text'
      ,'conditions' => array(
        array(
          'field' => 'group_one:show_hide_text_one'
          ,'value' => 'show_text_one'
        )
      )
      ,'field' => 'conditional_text_one'
      ,'label' => 'Conditional Text'
      ,'columns' => 8
    )
  )
));

piklist('field', array(
  'type' => 'group'
  ,'field' => 'group_two'
  ,'label' => 'Group Two - Maybe On'
  ,'add_more' => true
  ,'conditions' => array(
    array(
      'field' => 'show_hide_group_two'
      ,'value' => 'show_group_two'
    )
  )
  ,'fields' => array(
    array(
      'type' => 'select'
      ,'field' => 'show_hide_text_two'
      ,'label' => 'Show or hide text input'
      ,'columns' => 4
      ,'choices' => array(
        'show_text_two' => 'Show'
        ,'hide_text_two' => 'Hide'
      )
      ,'value' => 'hide_text_two'
    )
    ,array(
      'type' => 'text'
      ,'conditions' => array(
        array(
          'field' => 'group_two:show_hide_text_two'
          ,'value' => 'show_text_two'
        )
      )
      ,'field' => 'conditional_text_two'
      ,'label' => 'Conditional Text'
      ,'columns' => 8
    )
  )
));