It's an array formula. To get the braces you have to complete the formula entry with CTRL+SHIFT+ENTER instead of just ENTER.
This formula gives the same result, is a bit faster and does not have to be array entered:
Code:
=SUMPRODUCT(--(RegularJobs!M2:M222="A"),--(RegularJobs!J2:J222="3.3"))
Even better, if you are using Excel 2007 or later, you can use COUNTIFS().
Code:
=COUNTIFS(RegularJobs!M2:M222,"A",RegularJobs!J2:J222,"3.3")
If you're interested in reading more about array formulas, I wrote a detailed introduction tutorial here:
http://www.xtremevbtalk.com/showthread.php?t=296012
If you're interested in reading more about SUMPRODUCT(), Bob Phillip's page is a very good resource:
http://www.xldynamic.com/source/xld.SUMPRODUCT.html
Hope that helps....