Strange behavior with leap dates and centuries BC

I saw this strange behavior due to a customer problem who managed to get
dumps which aren't restorable anymore:

CREATE TABLE foo(datum date);

INSERT INTO foo VALUES('0000-02-29');
INSERT 0 1

SELECT * FROM foo;
datum
---------------
0001-02-29 BC
(1 row)

COPY foo TO STDOUT;
0001-02-29 BC

INSERT INTO foo VALUES('0001-02-29 BC');
ERROR: date/time field value out of range: "0001-02-29 BC"

Huh? It seems the calculation for leap dates with negative year values is
broken. This example was taken from a current HEAD checkout today, the
original version i've seen this behavior first was 8.2.4.

--
Thanks

Bernd