With kernel-2.6.9-1.724_FC3, strace on any command gives only e.g.:

nils@gibraltar:~> strace ls
execve("/bin/ls", ["ls"], [/* 46 vars */]) = 0
nils@gibraltar:~>

I.e. only the execve line, the command in question doesn't get executed and
there is obviously no further strace output. The last kernel I remember it
working on was -1.681_FC3.

This is likely to be the same as bug #143350, but I don't know whether you want
FC3 and Rawhide bugs separate, so feel free to CLOSE/DUPE.