Formula Fields Trouble

Formula Fields Trouble

Hi, 

I can't get even a simple formula field to work and must be doing something dumb.
This formula:
If(Len(Trim(${Quotes.Subject}))=0,1,2)

Gives the error:
You used the wrong type of data in an argument. Check what you entered between the parentheses of your functions to make sure you put the right kind of data in the right place.

This formula:
Len(Trim(${Quotes.Subject}))=0

Gives the error:
Syntax Error. Check the examples for any functions you're using to see if you formatted them correctly. Make sure your fields are formatted like this: ${Module Name.Field Name}.

What is going on? This is really annoying.

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