Ok, after rethinking my calculus a bit I have figured that there are examples where infinity times 0 can be 1, 0, or infinity.
The only examples I could come up with were when it equals 0.
lim (x -> 0) [ e^x / x! ] = 0
or
lim (x -> 0) [ x * ln(x) ] = 0
finally I looked at lim (x -> oo) [ x * 1/x ] = 1
So yes, infinity times zero is in fact undefined.
But 0 is still not the reciprocal of infinity, and 1/0 is a null set.