Yes, both columns should contain a comma-separated listed of the area-tree relative to the current area, including the current area. I was able to reproduce the problem easily when creating a brand new area, and I have worked out a solution. It affects a significant number of files so I will not be posting the change, but it will be in the next build.
Also, areas that were created already will need to be repaired by an upgrade step to Alpha 2, so you may continue to have issues using areas that were created while the bug existed.