element in a ?

[Frederick N. Brier]

Is this functioning syntax in Ant 1.4 beta?  It doesn't generate any errors 
and based on the <echo> the property was never set.  Am I doing something 
wrong?

<property name="model-dist-path">
    <classpath>
       <pathelement location="dist/lib/"/>
    </classpath>
</property>

<echo>${model-dist-path}</echo>