I've found a bug with CVS on 32-bit Cygwin.  Easiest to demonstrate with
a simple testcase:

    $ export CVSROOT=$(pwd)/tmpcvsroot
    $ cvs init
    $ cvs co -d $(pwd)/cvswork .
    cvs [checkout aborted]: cannot make directory : No such file or directory

It appears to be including the `$(pwd)/` in the final command that is
causing the problem here; using a relative path rather than an absolute
one gives the behaviour I'd expect:

    $ export CVSROOT=$(pwd)/tmpcvsroot
    $ cvs init
    $ cvs co -d cvswork .
    cvs checkout: Updating cvswork
    cvs checkout: Updating cvswork/CVSROOT
    U cvswork/CVSROOT/checkoutlist
    U cvswork/CVSROOT/commitinfo
    ...

This is also only an issue with the 32-bit versions.  The 64-bit version
seems to work just fine with both an absolute and a relative path.

This is mostly relevant because this bug is preventing one of the Git
tests from passing -- t9200-git-cvsexportcommit.sh.

cygcheck output attached, although I doubt it's relevant in this case.