I did:
cd /usr/src/kernels
ln -s 2.6.11-1.1369_FC4-i686 linux

[seb@watson linux]$ patch -p0 <  inotify-0.23-rml-2.6.12-rc6-13.patch
patching file linux/Documentation/filesystems/inotify.txt
patch: **** Can't rename file /tmp/poS45mTj to linux/Documentation/filesystems/inotify.txt : No such file or directory
[seb@watson linux]$ su -c 'patch -p0 < inotify-0.23-rml-2.6.12-rc6-13.patch'
Password:
patching file linux/Documentation/filesystems/inotify.txt
can't find file to patch at input line 182
Perhaps you used the wrong -p or --strip option?
The text leading up to this was:
--------------------------
|diff -urN linux-2.6.12-rc6/fs/attr.c linux/fs/attr.c
|--- linux-2.6.12-rc6/fs/attr.c 2005-06-07 15:47:52.000000000 -0400
|+++ linux/fs/attr.c    2005-06-13 11:28:04.000000000 -0400
--------------------------
File to patch: