Running scratchbox with these settings:
SBOX_LIBSB2 = libsb2.so.1
SBOX_LUA_SCRIPTS = /home/cvm/mr-sdk/sb2/share/scratchbox2/lua_scripts
SBOX_TOOLS_ROOT = 
SBOX_TARGET_ROOT = /home/cvm/mr-sdk/jaunty-armel
SBOX_MAPPING_LOGFILE = /home/cvm/sb2_logs/_testcase.sh.20081212-0128.26451.log
SBOX_MAPPING_LOGLEVEL = debug

+ echo __ Enter working case
__ Enter working case
+ mkdir /foo
+ cd /foo
+ mkdir test
+ cd test
+ mkdir a
+ mkdir b
+ touch b/c
+ cd a
+ ln -s ../b/c d
+ echo Readlink of /foo/test/a/d:
Readlink of /foo/test/a/d:
+ readlink /foo/test/a/d
../b/c
+ '[' -e /foo/test/b/c ']'
+ echo /foo/test/b/c exists
/foo/test/b/c exists
+ '[' -e /foo/test/a/../b/c ']'
+ echo /foo/test/a/../b/c exists
/foo/test/a/../b/c exists
+ cd ../..
+ rm test/a/d
+ '[' -e /foo/test/a/d ']'
+ echo __ Enter failing case
__ Enter failing case
+ mkdir /bar
+ cd /bar
+ mkdir test
+ cd test
+ mkdir a
+ mkdir b
+ touch b/c
+ cd a
+ ln -s ../b/c d
+ echo Readlink of /bar/test/a/d:
Readlink of /bar/test/a/d:
+ readlink /bar/test/a/d
../b/c
+ '[' -e /bar/test/b/c ']'
+ echo /bar/test/b/c exists
/bar/test/b/c exists
+ '[' -e /bar/test/a/../b/c ']'
+ echo /bar/test/a/../b/c exists
/bar/test/a/../b/c exists
+ cd ../..
+ rm /bar/test/a/d
/bin/rm: cannot remove `/bar/test/a/d': No such file or directory
Log summary:

Reading log:
...............................................
Read 47474 lines.

Mapping mode = emulate,
	Timeframe: 2008-12-12 01:28:55.955 ... 2008-12-12 01:28:57.164,
	0 errors, 0 warnings, 0 notices.
	TARGET_ROOT = /home/cvm/mr-sdk/jaunty-armel
Number of processes: 50
Number of pathnames:
	Mapped 144 to 144 destinations
	Passed 91 pathnames without modifications
	Passed 7 because mapping was disabled
Lines from following functions were ignored:
	__lxstat,__lxstat64,__xstat,__xstat64

(use options -m, -r, -p and/or -i to print more information about
processed paths, and -l to get full details)

This log can be analyzed again by
sb2-logz < /home/cvm/sb2_logs/_testcase.sh.20081212-0128.26451.log