Svn update failed

If I execute the following (attached as a txt file):
c:
cd \
md c:\junk1
md c:\junk2
svn co http://snidely/svn/test junk1
svn co http://snidely/svn/test junk2
cd junk1
svn del test.txt
cd \junk2
svn propset svn:keywords Id test.txt
svn -mkeywords commit
cd \junk1
svn update

The svn update gives:
 U test.txt
svn: In directory '.'
svn: Error processing command 'set-timestamp' in '.'
svn: Can't set access time of 'test.txt': The system cannot find the
file specified.

Try to commit the delete and you get
C:\junk1>svn commit
svn: Working copy 'C:\junk1' locked
svn: run 'svn cleanup' to remove locks (type 'svn help cleanup' for
details)

Then clean up says:
C:\junk1>svn cleanup
svn: In directory '.'
svn: Error processing command 'set-timestamp' in '.'
svn: Can't set access time of 'test.txt': The system cannot find the
file specified.

Now it gets weird...
Delete the junk1 and junk2 folders and re-run the test. All is well.
Now, from the junk1 folder, commit the change. Then re-add the test.txt
file and commit the add.
Now, delete the junk1 and junk2 folders and start over. The problem is
back.

Can anyone tell me what's going on?

Thanks,
Brian

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