yep, same thing here. I get this if I launch it manually on 10.6.7:
launchctl load "$HOME/Library/LaunchAgents/cx.pow.powd.plist"
Bug: launchctl.c:2325 (23930):13: (dbfd = open(g_job_overrides_db_path, O_RDONLY | O_EXLOCK | O_CREAT, S_IRUSR | S_IWUSR)) != -1
launch_msg(): Socket is not connected