I just tested usage of #suboject in SMW 1.7.0.2 and 1.7.1. Both versions give the follow error on page save, with the action=submit URL parameter:
Fatal error: Call to undefined function hash_init() in /path/to/extensions/SemanticMediaWiki/includes/SMW_SemanticData.php on line 172
The URL does not load, but returning to view the page reveals that the edit was never saved. I tried this with a transcluded template to get around the page save, and the results were the same. This was the minimum required text to trigger the bug:
Version: unspecified
Severity: minor