mkinitrd has never supported reading of /lib/modules/$kernel/modules.dep to handle dependencies in loaded modules, hence deps must be explicitely written in mkinitrd source, and bugs often appear when kernel people split/merge modules. here is a patch that adds this missing feature.
Created attachment 90866 [details] a proposed patch to add this enhancement
not interested at all?
Just busy :(
Mostly committed. Still have to do a couple of "dep" resolves by hand as they're things that aren't necessarily direct module dependencies as far as modutils is concerned even if they don't work otherwise (eg, the i2o stack). Will be in 3.5.0-1
Thanks. You forgot to add me in the list of "contributors" at the top of /sbin/mkinitrd (tested in 3.5.3) though.