This article will prove valuable to you:
Breaking down SiteCatalyst's page-level code
If you don't care about data coming from browsers older than IE7 or non-javascript users, you can just call the s.t()
function by itself.
The noscript tag is there to at least get some data for non-javascript visitors, and the line of code you have in your question is used to stop IE from sending both the regular image request and the noscript tag simultaneously. For some reason, IE executes that noscript tag even if javascript is enabled.