Hi,
I just made an inotify enabled kernel for FC3. To install it, add something like this to your /etc/yum.conf:
[inotify] name=inotify baseurl=http://www.bagu.org/inotify enabled=0 gpgcheck=0
And then run:
yum --enablerepo=inotify install kernel-smp-2.6.10-1.766.inotify.0.19_FC3.i686
Enjoy, Ben