> /bin is the 'traditional' place for it (i know you give a damn on > tradition and good rites!).
If we were to talk about 'traditional' places, then it is '/usr/sbin', not '/bin'. The trad. place is actually /etc, but lets not go there. :-) I don't know why inetutils installs syslogd in libexec, and have no special feeling about that. I tend to agree, however, that it is a strange place for a system binary. In my opinion $prefix/sbin is a much better location. The reason is that libexec is reserved for programs that are (normally) never used on the command line of which syslogd is one. The same goes for inetd, and the remaining daemons and what not. sbin is for programs that are only useful to the system administrator, for example mount and bin for everything else. On GNU, there is also no distinction between /usr/bin and /bin, i.e. they point to the same place.
