The same thing happened to me this morning. I was going through the vocal clips I recorded yesterday. I was splitting four or five clips at a time by lassoing them and using 'Alt+Click' on the selection. The clips on the screen did not split. When I looked at the Edit menu however, 'Undo Split Clip' was an option. I closed Sonar and restarted. After that splitting clips worked as usual.
Note: After repeating this on three vocal tracks and using Melodyne for some pitch corrections, nearly all of the clips on one of those three vocal tracks had fades on them. I haven't seen that happen before, but the the Smart Tool gave me the Crossfade Icon a few times, so maybe it was operator error. I don't know.