WordPress version: 3.4.2
WordPress SEO version: 220.127.116.11
I did this: default installation, only perhaps unusual aspect is the index.php template contains no wordpress loop.
What i see: There is a rel="next" meta tag being added to the head section of the index page only, however what is more worrying is that the /page/2/ does not exist and is in effect, showing duplicate content of the home page if i don't noindex it!
<link rel="next" href="http://www.domain.com/page/2/" />