Are you using multiarch support? That will definitely cause erroneous
reporting of a package as "newer than archive" by apt-show-versions;
see the bug I just opened:
https://bugs.launchpad.net/ubuntu/+source/apt-show-versions/+bug/1125210
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Public bug reported:
Not sure whether I should also report this bug here as it is already
reported against Debian:
http://bugs.debian.org/cgi-bin/bugreport.cgi?bug=696655
and I have attached a patch there, but I am using Debian at home and Ubuntu at
work.
Anyway, we just upgraded to Ubuntu 12.0