The up2date package does not have /var/spool/up2date contained in it. This is in version 2.0.6-1 and 2.0.5-3. The up2date-gnome package contains the /var/spool/up2date directory. This means that server-class installations are broken out of the box because they don't install up2date-gnome which means you don't get /var/spool/up2date.
fixed in an errata being released shortly.
Fixed in the 2.1.7-1 code.