Interesting question: http://stackoverflow.com/questions/2064321/subversion-cant-merge-after-a-move
But try this in real work: several feature branches, many bugfix branches and release branch. Add to it that not everybody in a team is svn master and You would know how svn "real" move is important.
But this issue is 9 years old and even now is moved to future 1.8 release.
Subversion 1.7 in roadmap is sheduled for Q1 2011. I am curious when it will be :) http://subversion.apache.org/roadmap.html
About month ago there was much more yellow dots so hope it will be soon.
Tip: In 1.7 SVN will work a bit more like git: one ".svn" folder and even -git option for svn diff.
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