Fix verified in the latest rpm (lvm2-cluster-2.02.74-3.el5).
(12:03:18) [root@z1:~]$ clvmd -R
connect() failed on local socket: No such file or directory
An advisory has been issued which should help the problem
described in this bug report. This report is therefore being
closed with a resolution of ERRATA. For more information
on therefore solution and/or where to find the updated files,
please follow the link below. You may reopen this bug report
if the solution does not work for you.
http://rhn.redhat.com/errata/RHBA-2011-0053.html