One thing that does confuse me - why do we have:

.if !target(fetch)
fetch:  
        @cd ${.CURDIR} && ${MAKE} ${.MAKEFLAGS} real-fetch
.endif

        and not just

.if !target(fetch)
fetch:  real-fetch

.endif

	We could save an extra (expensive) make invocation per fetch
	in the latter case.

        Thanks.

		David/absolute