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I am also wondering if it is possible for a site to have PR0 despite having an inbound link from DMOZ.
In general, the PageRank allocated to each link on a page is roughly 0.85 x that page's PR divided by the number of links on that page. PR is a multiplier, which means that once all the on-page factors have been considered, they are multiplied by the PR score. The factor of multiplication is not known, since PR is linear (despite its representation in the Google toolbar).
If your site is new, your PR is probably less than one, but not absolute zero. Either way, you won't see much registering in the toolbar. A score of absolute zero is usually a penalty, the implications of which are:
all on-page optimisation factors multiplied by zero equals zero.
Good luck with your reciprocal links!