http://gcc.gnu.org/bugzilla/show_bug.cgi?id=49671
--- Comment #4 from Richard Guenther <rguenth at gcc dot gnu.org> 2011-07-08 10:30:32 UTC --- Doesn't the outermost component also need TREE_THIS_VOLATILE? So I suppose sink the TREE_THIS_VOLATILE (*tp) = TREE_THIS_VOLATILE (old); from the else branch as well.