cvs 1.11.2 and pserver on Linux

[Zanabria, Moises]

I've setup a new machine with the new version of cvs:

$ cvs version 
Client: Concurrent Versions System (CVS) 1.11.2 (client/server)
Server: Concurrent Versions System (CVS) 1.11.2 (client/server)

everything looks fine with EXT method access, I can checkout, checkin,etc..

but when I tried to check out a module with pserver I got this:

export CVSROOT=:pserver:address@hidden:/myrepository/src

$cvs login
Logging in to :pserver:address@hidden:2401/myrepository/src
CVS password: 
$

cvs co module
Cannot access /local/p4cvs/src/CVSROOT
File exists


My /etc/xinetd.d/cvspserver:

# default: off
# description: The cvspserver system \

service cvspserver
{
        disable         = no
        socket_type     = stream
        protocol        = tcp
        wait            = no
        group           = p3cvsg
        user            = root
        server          = /usr/bin/cvs
        passenv         = PATH
        server_args     = -f --allow-root=/local/p4cvs/src pserver
}

my /etc/services:
cvspserver      2401/tcp                        # CVS client/server
operations
cvspserver      2401/udp                        # CVS client/server
operations
cvsup           5999/tcp        CVSup           # CVSup file transfer/John
Polstra/FreeBSD
cvsup           5999/udp        CVSup           # CVSup file transfer/John
Polstra/FreeBSD

I've a Linux 2.4.18.

any ideas ??
any help would be great.
Thanks.