'module' is undefined in browserify_shim__define__module__export__

[vmalloc]

I tried using the gulp template from https://gist.github.com/simme/8931006. The resulting templates.js file contains this:

(function browserifyShim(module, exports, define, browserify_shim__define__module__export__) {

; global.Handlebars = require("handlebars");
module.exports = Ember.TEMPLATES["index"] = Ember.Handlebars.template(function anonymous(Handlebars,depth0,helpers,partials,data) {
this.compilerInfo = [4,'>= 1.0.0'];
helpers = this.merge(helpers, Ember.Handlebars.helpers); data = data || {};
  data.buffer.push("THIS IS A TEMPLATE!");

});
; browserify_shim__define__module__export__(typeof Ember.TEMPLATES != "undefined" ? Ember.TEMPLATES : window.Ember.TEMPLATES);

}).call(global, undefined, undefined, undefined, function defineExport(ex) { module.exports = ex; });

There is no way this code can execute without error, if I'm reading it correctly, and indeed it fails because it tries to set 'exports' on module, which is undefined. Is this a bug or am I missing something?