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If no similar issue is reported in My Oracle Support website, please log a SR.
I think i have found the reason:
Assume: your assignment ist from 01-jun-2010 till 31-aug-20010. Now you apply for abesnce from 24-aug-2010 till 31-aug-2010. The fast formula will according to defined rule will react on this mutualy date.
I will inform you if my assumption is right.
I tried to recunstract the error message, but everything is fine.
I dont know, where the error message comming from.
I found from myself the solution:
This errror message coming from workflow and telling that the replacement you have created for your absence in not valid.
Example: You are empleyee from 01.07.2010 - 31.08.2010. You apply for Holiday from 24.08.2010 - 31.08.2010. So far nothing special. In the box: Replacement you enter a person who has from 15.08 to 31.08 holiday and his assignment is terminated at 31.08.2010. This discrepancies leading you to the above error. If you leave the replacement empty, than nothing will happen and you can submit your request fro approval.
I found from myself the solution.
Look at the note in my answer