Confirmed on Kubuntu 7.10 OOo 2.3.0

Not only a named-range problem though. Even with a "normal" =SUM() formula the 
col/row range isn't updated.
When you actually do the insert on the row above the row with the formula 
(inserting a row anywhere within the range, except a new last one), the range 
gets updated, but then you have a gap in the table.

I find this bug extreemly important because this is not expected and
easy overseen, with possible (financial) consequences for the user who
is using OOo for (professional) calculations/analyzing/reporting.

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Natural named range not updated
https://bugs.launchpad.net/bugs/46055
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