http://dev.mysql.com/doc/refman/4.1/en/mysqld-safe.html "Before MySQL 4.0, mysqld_safe is named safe_mysqld. To preserve backward compatibility, MySQL binary distributions include safe_mysqld as a symbolic link to mysqld_safe until MySQL 5.1." http://dev.mysql.com/doc/refman/5.0/en/mysqld-safe.html "To preserve backward compatibility with older versions of MySQL, MySQL binary distributions still include safe_mysqld as a symbolic link to mysqld_safe. However, you should not rely on this because it is removed as of MySQL 5.1."
Fixed in MySQL-5.0.51-alt2.a