New Facebook-style status not being logged with Heartbeat, error message: First argument is expected to be a valid callback

Sorry I was not clear. I enabled the rule that was supplied by Facebook-Style Status. I did not modify it other than to check the checkbox that said to enable the rule.

Here is an export of the rulesets for Facebook-style Status:

I imported your rule and it displayed "Hello, world."

My site's Facebook-Style Rules Export:

array (
  'rules' => 
  array (
    'facebook_status_rules_update' => 
    array (
      '#type' => 'rule',
      '#set' => 'event_facebook_status_update',
      '#label' => 'Submit Facebook-style Status',
      '#active' => 1,
      '#weight' => '0',
      '#categories' => 
      array (
        0 => 'facebook_status',
      ),
      '#status' => 'altered',
      '#conditions' => 
      array (
      ),
      '#actions' => 
      array (
        0 => 
        array (
          '#weight' => 0,
          '#info' => 
          array (
            'label' => 'Log to watchdog',
            'module' => 'System',
            'eval input' => 
            array (
              0 => 'type',
              1 => 'message',
              2 => 'link',
            ),
          ),
          '#name' => 'rules_action_watchdog',
          '#settings' => 
          array (
            'severity' => '6',
            'type' => 'rules',
            'message' => '<?php echo check_plain($account->name); ?> submitted the status <?php echo $new_status; ?>.',
            'link' => '/user/<?php echo $account->uid; ?>',
            '#eval input' => 
            array (
              'rules_input_evaluator_php' => 
              array (
                'message' => 
                array (
                  0 => 'account',
                  1 => 'new_status',
                ),
                'link' => 
                array (
                  0 => 'account',
                ),
              ),
            ),
          ),
          '#type' => 'action',
        ),
      ),
      '#version' => 6003,
    ),
    'facebook_status_rules_delete' => 
    array (
      '#type' => 'rule',
      '#set' => 'event_facebook_status_delete',
      '#label' => 'Delete Facebook-style Status',
      '#active' => 1,
      '#weight' => '0',
      '#categories' => 
      array (
        0 => 'facebook_status',
      ),
      '#status' => 'default',
      '#conditions' => 
      array (
      ),
      '#actions' => 
      array (
        0 => 
        array (
          '#type' => 'action',
          '#settings' => 
          array (
            'message' => 'Status deleted.',
            'error' => 0,
          ),
          '#name' => 'rules_action_drupal_message',
          '#info' => 
          array (
            'label' => 'Show a configurable message on the site',
            'module' => 'System',
            'eval input' => 
            array (
              0 => 'message',
            ),
          ),
          '#weight' => 0,
        ),
      ),
      '#version' => 6003,
    ),
  ),
)

Yes, I understand more configuration is necessary, but that rule wasn't created by me, and I can repeat the error by reverting the rule and then re-activating it. I don't know why it doesn't match your export since it surely came from your module.

It just seems to me that a default rule as a placeholder should not generate an error message. Maybe "Log to watchdog" should be replaced (since it fails) with displaying a custom message indicating the admin should add an appropriate action. Or no action at all.

But I'll close the issue since you don't think it's a bug. Thanks for the quick response.