I no longer work at Microsoft, so please don't bother leaving a comment here or trying to contact me through my MSDN blog.
You can find my new blog at http://www.technologytoolbox.com/blog/jjameson. My new site also provides copies of all posts from my MSDN blog.
In Microsoft Office SharePoint Server (MOSS) 2007 version 12.0.0.6335 (i.e. the December 2008 CU), there appears to be a bug where a scope that only contains Property Query rules is not recognized as having any rules at all (i.e. empty) and therefore is not compiled.
To hack around this bug, add a Web Address rule, as shown below.
Also note that this is not the exhaustive list of rules required to exclude the various SharePoint items from search results that you most likely don't want to show to users on an Internet-facing MOSS site. I'll defer that to a subsequent post.