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There used to be a deepbot and a fresh bot. But GoogleGuy wrote that with the new update they will merge into a deepfreshbot. So the behavior will also change. In the old situation it took several days before the data collected by a freshbot was displayed in the SERP (but no guarantee, the data could also got lost), stay there for several days and disappear. Even when the fresh data was shown, the cache was not always updated. Well, maybe your message is too early (data will soon show up in SERP), too late (data no longer in SERP), or something else happend. It's hard to say. But from your message I understand the old page is cached. So when you load the cache, the browser will try to open the frames, but the framed pages don't exist anymore, so the page stays empty.
When did you change from frames to no frames? Ive done this on my site about two/three months ago and it took two deepcrawls for it to show a cache.
I believe that this was the case for me because i chancged half way through the first deepcrawl so G didnt pick up the whole site, and what was in the index the following was from freshbot. Could be wrong.
So if your situation is similar to mine then you should see a cache next index. Hope this helps a little. :)