Use @tparam for template arguments, @arg for function arguments. For return values, @return. There is no return here. There are just typedefs.
BTW, your sample code doesn’t look like a metafunction. Metafunctions are hairy beasts that take advantage of SFINAE to do something that C++ wasn’t originally intended to do (e.g., reflection). Your generate_callback_map just looks like a C++03 stand-in for a template typedef.
What you are missing is documentation on your typedefs and documentation on how to use this template.
/// @brief metafunction for generation of a map of message types to
/// their associated callbacks.
/// @details
/// Usage: Use <tt>generate_callback_map<Type>::type</tt> to ...
/// @tparam Seq the list of message types
///
template< class Seq >
struct generate_callback_map
{
/// @brief It's a good idea to document all of your typedefs.
typedef typename mpl::transform< Seq
, build_type_signature_pair< mpl::_1 >
>::type vector_pair_type;
/// @brief This is why generate_callback_map exists. Document it!
typedef typename fusion::result_of::as_map< vector_pair_type >::type type;
};