This really comes under the heading of unexpected behavior (unexpected by me), and I don't know what was intended.
When I received the update today, naturally I deleted the game's save folder in "my games\sourcererking". When I brought the game up and looked at the main menu I notice that the "load game" button was active and tried it and it worked, bringing up an empty save file.
The only reason for me bringing this up is because I have gotten used to games (the GalCiv series, Sid Meier's Civ series, and many others) to grey out the "load game" button (or equivalent) when there are no save files to load. If asked which I feel is better I would lean to greying out the load button if there are no save files, but, of course, that is what I am used to from the other games.