It is one of the dependencies of app-admin/logcheck, which is a better replacement for logsentry. Getting it keyworded on the same archs as logsentry is the first step for migration. The package has a test suite (make sure you have a recent enough sync to get it; when in doubt, see if you have a ChangeLog entry from 24 Feb). If it runs successfully then you can be almost sure that the package isn't broken. If you have any questions, feel free to contact me, either in this bug, direct e-mail, or irc.
Tests seem to pass on ppc, marked ~ppc for lockfile-progs, logcheck and deps.
~arm/~s390/~sh/~sparc done
~mips done. Last one, closing.