Hi Kenny,
Perhaps I can put in better error handling for that case but validation is more complicated than it appears. There are several patterns that are acceptable including ~/mywebpage.com and http://www.mysite.com/mywebpage.com, but not tp://www.mysite/mywebpage.com
I will look into trying to cause this error and trying to prevent it from causing general failure of the menu. I will try to make it just skip that node if it is invalid so only the bad url is left out of the menu. If the bad page is left out of the menu, you can still get to it to correct it from Administration Menu > Add/Edit Pages, so you can correct it.
Best,
Joe