Hi Ian,

This is the expected behavior of the service.  The CampaignEstimateRequests 
and AdGroupEstimateRequests indicate that the keywords aren't being 
estimated in a vacuum, but instead are being considered as part of a 
campaign and ad group.  Additionally, you can specify the IDs of real 
campaigns and ad groups to get more accurate estimates as to how the 
keywords would perform in that context.  More information about how to use 
the service is available here:

http://adwordsapi.blogspot.com/2010/09/discover-v201008-trafficestimatorservic.html

Best,
- Eric Koleda, AdWords API Team

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