QUOTE(mzaleski @ Sep 24 2008, 09:10 PM)

Is there a good reason to not allow these characters in subject lines in the folder view?
Per the RFC's, all characters in the header need to be represented by US-ASCII characters 1-127.
http://www.faqs.org/rfcs/rfc2822.html2.1. General Description
At the most basic level, a message is a series of characters. A
message that is conformant with this standard is comprised of
characters with values in the range 1 through 127 and interpreted as
US-ASCII characters [ASCII]. For brevity, this document sometimes
refers to this range of characters as simply "US-ASCII characters".
Note: This standard specifies that messages are made up of characters
in the US-ASCII range of 1 through 127. There are other documents,
specifically the MIME document series [RFC2045, RFC2046, RFC2047,
RFC2048, RFC2049], that extend this standard to allow for values
outside of that range. Discussion of those mechanisms is not within
the scope of this standard.
http://www.faqs.org/rfcs/rfc2047.html says:
1. Introduction
...
When the term "ASCII" appears in this memo, it refers to the "7-Bit
American Standard Code for Information Interchange", ANSI X3.4-1986.
The MIME charset name for this character set is "US-ASCII". When not
specifically referring to the MIME charset name, this document uses
the term "ASCII", both for brevity and for consistency with RFC 822.
However, implementors are warned that the character set name must be
spelled "US-ASCII" in MIME message and body part headers.
This memo specifies a protocol for the representation of non-ASCII
text in message headers. It specifically DOES NOT define any
translation between "8-bit headers" and pure ASCII headers, nor is
any such translation assumed to be possible.
So, unless your ® was actually presented as something like: =?iso-8859-1?q?this is some text?=, it was in fact using illegal characters.
SpamCop is very strict when it comes to RFC's, otherwise unintended things can happen.