REV     SRC          RELEASED          log message
----------------------------------------------------------------------
  1     file.txt                       did change A
  2     file.txt                       did change B
  3     file.txt ->  file.txt          released revision 2 of file.txt
  4     file.txt                       did change C
  5     file.txt ->  file.txt          released revision 4 of file.txt
  
I checkout RELEASED.
I svn update RELEASED to rev. 3
I right click of file.txt inside of RELEASED and call "Show Log" with TortoiseSVN. I get:
   5 released revision 4 of file.txt
   4 did change C
   2 did change B
   1 did change A
   
 If I use svn log file.txt I get the correct log of RELEASE/file.txt@3
   3 released revision 2 of file.txt
   2 did change B
   1 did change A