next update...

first, I can confirm all findings by Just18 and AS, also that enforcing to embed a md5sum more than once will corrupt the iso integrity check.
And here the latest weirdness: did a new FM-remaster with the boot-option mediacheck but NOT implementing the md5sum via mylivecd because I think the problem originates at this place. Then I added the md5sum later using implantisomd5 and I get this:
Inserting md5sum into iso image...
md5 = 2c900...somenumber......
Inserting fragment md5sums into iso image...
fragmd5 = cla15...somenumber...
frags = 20
Setting supported flag to 0
pclinuxos-kde-fullmonty-2011.10.iso Done
Next on this iso-image I run
a)
checkisomd5: I do not get the expected Read-list but only "Press [ESC] to abort check" and finally: The media check is complete, the result is:
PASSb)
mediacheck: normal progress window up to 100% and the result is
FAIL =>
checkisomd5 supports fragmented md5sums while
mediacheck does not. But we need
mediacheck to have a graphic tool on the live-session

But what are fragmented md5sums anyway?? Googling for this suggests to disable SELinux, which is not installed...
I implanted the md5sum from my remaster-script, meaning with root-priviledges. Will now do another test adding them as normal user, maybe that helps...
-p.