In both stable and beta setting the option "Posts per Page" to zero results in a blank page.
http://demo.webgui.org/demo1268220006_139/home/http://beta.webgui.org/demo1268222431_818/home
There is no error in the modperl.error.log or in the webgui.log. However, setting logging to WARN made me find the problem.
It seems to be introduced here in the fix for bug #11318: http://github.com/plainblack/webgui/commit/0b45404971cd0a231c6bbfd060bcc749f52db342
in line 511 you get a division by zero if you set posts per page to zero.