Old queries store email searches in assigned_to= and reporter= format. When loading in a stored query, the new query.cgi does not place the information anymore, but if you run the stored query directly it works fine because buglist.cgi converts into assigned_to and reporter format anyway. The new format is email1=, emailtype1=, and emailassigned_to1=. Two solutions would be either hack query.cgi to do the conversion from old style into the new for displaying and making some sort of note for the user to reupdate their query, or make a script to update the database and change all occurances of the old to the new for everyone. The last would be the best way since the code needs to stay as close as possible to the main mozilla bugzilla source.
I have a suspicion that this is NOTABUG anymore... :-) -Max
Probably right.