After configuration via iMPACT and the subsequent "Status Register Read" included the device is left Synchronized. This means that for a stand alone "Status Register Read" the device is in an unexpected JTAG state and hence the Status Register comes back as all '0'. This issue is resolved in ISE 12.4 software.
Alternately, this may be due to some of the reasons listed in
(Xilinx Answer 34599) - iMPACT - Status Register read shows all '0'.