whenever called, modules-update outputs an erroneous file (--assume-kernel=<foo>) in the current working directory.
*** This bug has been marked as a duplicate of 52999 ***
ZhEN, I'm reopening this because I want to make sure it's fixed with the new baselayout dep on module-init-tools-3.0-r2. Could you verify?
Ok, now that I understand the root cause, this problem is fixed