This bug was fixed in the package debootstrap - 1.0.20ubuntu1.4
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debootstrap (1.0.20ubuntu1.4) lucid-proposed; urgency=low
* Add (Ubuntu) precise as a symlink to gutsy (LP: #880926).
-- Tim GardnerMon, 24 Oct 2011 09:58:13 -0600
** Changed in: debootstrap (Ubuntu Lucid)
Tested on tangerine and gomeisa (internal build machines).
** Tags removed: verification-needed
** Tags added: verification-done
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https://bugs.launchpad.net/bugs/880926
Title:
debootst
Hello Tim, or anyone else affected,
Accepted debootstrap into lucid-proposed, the package will build now and
be available in a few hours. Please test and give feedback here. See
https://wiki.ubuntu.com/Testing/EnableProposed for documentation how to
enable and use -proposed. Thank you in advance!