It looks like the magazine disconnect might be the issue (I have a neutered CA p380). With the disconnect engaged, I can see the trigger bar slightly bulging the side panel at the very end of the trigger pull. I'll have to open her up and take a look and possibly remove the disconnect to verify.
EDIT: nevermind...with the slide on, the trigger bar slides down properly so it doesn't end up bulging the side panel. It's almost like the cocking cam is oriented improperly. If I back off the trigger ever-so-slightly, it'll grab hold and cock the striker.
EDIT2: I see what the problem is now. After the striker is 'fired' the cam is not pivoting back like it should when the trigger bar disconnector tab is forced downward. Since it's not pivoting back, it's not grabbing onto the striker to recock it. This might be caused by the CA magazine disconnect bar, because when I drop the mag out (which drops the mag disconnect bar) the cam pivots back properly. Alternatively, if I manually push the trigger bar disconnector tab down, the cam will pop back so the issue could be here as well...
I think I've isolated the issue, so my next step is to inspect the trigger bar/cam interface to see what's going on there...just need a damn torx set