From Bugzilla Helper:
User-Agent: Mozilla/4.0 (compatible; MSIE 6.0; Windows NT 5.1; .NET 
CLR 1.1.4322)

Description of problem:
Set sysv ipc parm shmall 536870912 (512MB) via sysctl or 
echo 536870912 > /proc/sys/kernel/shmall

cat /proc/sys/kernel/shmall reports 536870912 (correct),
but ipcs -lm reports
    ------ Shared Memory Limits --------
    max number of segments = 4096
    max seg size (kbytes) = 262144
    max total shared memory (kbytes) = 2147483648
    min seg size (bytes) = 1

which is a tad high at 2 TB.

Version-Release number of selected component (if applicable):
util-linux-2.11y-31.1

How reproducible:
Always

Steps to Reproduce:
1. echo 536870912 > /proc/sys/kernel/shmall
2. cat /proc/sys/kernel/shmall
3. ipcs -lm
4. check line with "max total shared memory (kbytes) ="
    

Actual Results:  max total shared memory (kbytes) = 2147483648

Expected Results:  max total shared memory (kbytes) = 536870912

Additional info:

checked RHL 9 - same problem exists in util-linux-2.11y-9