Hello Karthik,
when I run report in se38 I've received "No objects to be activated" message. But I still didn't close window with check results error (I have option to activate it anyway but I'm not sure is this thing I want to do)
About second part, I started to implement note 1933506 after upgrading to SP11. And this instance we are working on now is fresh instance installed from export after upgrade to SP11 but before attempt to implement 1933506 note. So it is first time I'm implementing this note on this system.