urgross, I'll concede that this may be applied to the mechanical room, but with the way the code is worded, I will argue that 406 only relates to ventilation in regards to natural ventilation. An exhaust or supply system to allow 0.02 cfm/sf is allowed, but this is not ventilation, the same way as the exhaust out of the bathrooms is not ventilation.
I would like to argue that the examples given in the code section are in relation to rooms that will not be accessed, while the pump rooms and mechanical rooms will be accessed on a much more regular basis.
I usually treat the mechanical room as an electrical room and provide conditioning off of the HVAC system anyway, but while this is allowed, I'm not 100% sure it's an appropriate method.