From : http://technet.microsoft.com/en-us/library/cc288905.aspx?ppud=4
Do not use “/*” to indicate wildcard managed sites at the root of the site collection. Using this wildcard prevents a site being created at the root of the Web application. Many SharePoint features rely on having a site collection at the root of the Web application, and if this is missing, these features will not work correctly. For example, Explorer View will not work for a document library.
I'm wondering what problems may occur if there is no site collection at the root of a web application.