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/usr/share/doc/checkinstall/BUGS.installwatch is in checkinstall 1.6.2-4ubuntu2.

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Here's a list of things that need to be fixed, in no particular order.

* Installwatch does not work with programs that statically link libc. 
  Uhm... I should take a look at strace(1)

* Due to LD_PRELOAD limitations, it does not work with suid binaries
  neither. Believe me, this is a very good thing anyway :-)

* mknod(2) is not watched

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$Id: BUGS,v 0.6 2001/04/17 19:38:09 izto Exp $