I have seen a few issues along the lines of having a PF store on a CCR cluster for Exchange 2007, this has, in the times I have seen it resulted in some pain.
A search in the Internet proves there is some confusion on this, whether its suppored, why stores aren't mounting, does CCR and PF replication work together?
The best practice i have found on this is as below: (taken from http://technet.microsoft.com/en-us/library/bb123996(EXCHG.80).aspx )
Cluster Continuous Replication and Public Folder Databases
CCR and public folder replication are two very different forms of replication built into Exchange. Due to interoperability limitations between continuous replication and public folder replication, if more than one Mailbox server in the Exchange organization has a public folder database, public folder replication is enabled and public folder databases should not be hosted in CCR environments.
The following are the recommended configurations for using public folder databases and CCR in your Exchange organization:
During any period where more than one public folder database exists in the Exchange organization and one or more public folder databases are hosted in a CCR environment (such as the migration scenarios described previously), consider the differences in behavior for scheduled (Lossless) and unscheduled (lossy) outages: