First, there is no return statement inside the Load function. In this case, it will return undefined by default. There is nothing unexpected so far, but I guess you rather wanted to do things like that :
namespace.items.Load = function (arg1, arg2) {
    return $.getJSON(
        "/Object/Items", 
        { "Arg1": arg1, "Arg2": arg2 }, 
        function (Items) { return Items; }
    );
}
That said, keep in mind that there is an Ajax call behind the scene which results in this kind of scenario :
- Load function is called.
- An Ajax request is sent to a remote server.
- Load function returns.
- An Ajax response is sent back.
- function (Items) { return Items; }is called.
What you were expecting to be returned by the Load function is obviously not Items. Thereby, you might use this kind of solution instead : https://stackoverflow.com/a/18793057/1636522.