Sorry, that was meant as a response to Carl's post above.
Dave, the URL that's returned is to the full page. For the purpose of search, from a logical point of view, the content includelet's content is treated as being content within the page. Which is why I agree with Carl as to the title that should be returned.
Internally, of course, search finds the content includelet's content revision. The callback to generate the URL finds the page the includelet's on and returns the URL for that rather than for the includelet itself.