I just lost a lot of work because 7041 does not correctly detect filesystem changes. I frequently edit files in emacs or svn update from the command line. Selena 7041 did not notice this on time.
Btw, for me this has NEVER really worked correctly on OS X. The fslogger stuff has been broken since day one. Maybe it is time to rip it out and only enable it on 10.5 where it actually works. (Through a different API though)