This is what I did and my email enabled document library is working fine by doing this.
To use this feature, you must use the Exchange 2000 server administration tools to do the following:
Create the public folder.
Grant read access to the appropriate Windows SharePoint Services application pool accounts. If you are using one account for all virtual servers, grant that account access. If you are using separate accounts for each virtual server, you must grant the virtual server accounts access to the appropriate public folders.
If you prefer not to grant access to the application pool accounts, you can instead give the anonymous user account access to read the public folder. This is a less secure method than granting access to the application pool account.
Determine which e-mail distribution list to allow to post to the public folder, and grant the distribution list appropriate access to the public folder. Note that you will need to enable the public folder to receive e-mail. This is not turned on by default, so the Exchange 2000 Server administrator will need to create an e-mail address for the public folder.
Continue to manage the public folder and the access to the public folder.