bug#8000: 23.2; strange behavior of !$ in shell window

[relson]

In a shell (bash) window, if I type "echo x<enter>", the character "x" is 
echoed (as expected).

If I then type "ls -l !!<tab>" the complete previous command is added to the 
current line andwhat is executed is "ls -l echo x".  What _should_ have been 
execute is "ls -l x"


In GNU Emacs 23.2.1 (x86_64-pc-linux-gnu, GTK+ Version 2.20.1)
 of 2011-01-31 on osage
Windowing system distributor `The X.Org Foundation', version 11.0.10902000
configured using `configure  '--prefix=/usr' '--build=x86_64-pc-linux-gnu' 
'--host=x86_64-pc-linux-gnu' '--mandir=/usr/share/man' 
'--infodir=/usr/share/info' '--datadir=/usr/share' '--sysconfdir=/etc' 
'--localstatedir=/var/lib' '--libdir=/usr/lib64' '--program-suffix=-emacs-23' 
'--infodir=/usr/share/info/emacs-23' 
'--with-crt-dir=/usr/lib/gcc/x86_64-pc-linux-gnu/4.5.2/../../../../lib64' 
'--with-gameuser=games' '--with-sound' '--with-x' '--without-gconf' 
'--without-toolkit-scroll-bars' '--with-gif' '--with-jpeg' '--with-png' 
'--with-rsvg' '--with-tiff' '--with-xpm' '--without-xft' '--without-libotf' 
'--without-m17n-flt' '--with-x-toolkit=gtk' '--without-hesiod' 
'--without-kerberos' '--without-kerberos5' '--with-gpm' '--with-dbus' 
'build_alias=x86_64-pc-linux-gnu' 'host_alias=x86_64-pc-linux-gnu' 
'CFLAGS=-march=athlon64 -O2 -pipe' 'LDFLAGS=-Wl,-O1 -Wl,--as-needed' 
'CPPFLAGS=''

Important settings:
  value of $LC_ALL: en_US.UTF-8
  value of $LC_COLLATE: nil
  value of $LC_CTYPE: nil
  value of $LC_MESSAGES: nil
  value of $LC_MONETARY: nil
  value of $LC_NUMERIC: nil
  value of $LC_TIME: nil
  value of $LANG: en_US.UTF-8
  value of $XMODIFIERS: nil
  locale-coding-system: utf-8-unix
  default enable-multibyte-characters: t

Major mode: Shell

Minor modes in effect:
  shell-dirtrack-mode: t
  tooltip-mode: t
  mouse-wheel-mode: t
  tool-bar-mode: t
  menu-bar-mode: t
  file-name-shadow-mode: t
  global-font-lock-mode: t
  font-lock-mode: t
  blink-cursor-mode: t
  auto-encryption-mode: t
  auto-compression-mode: t
  line-number-mode: t
  transient-mark-mode: t

Recent input:
<escape> x s h e l l <return> e c h o SPC x <return> 
l s SPC - l SPC ! $ <tab> <return> <escape> x r e p 
o <tab> r <tab> <return>

Recent messages:
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-- 
David Relson                   Osage Software Systems, Inc.
relson@osagesoftware.com       Ann Arbor, MI 48103
www.osagesoftware.com