An update. I've discovered that the MAC address on the port channel on this router truly IS coming up all zeros. And the ARP cache on the switch it is connected to says the same thing. in the show interface on that port channel on the router- it shows:
Port-channel1 is up, line protocol is up
Hardware is FEChannel, address is 0000.0000.0000 (bia 0050.739f.6500)
What can cause the port channel's mac address to basically disappear?