Camera with parent producing incorrect rotation

[NorthWindH]

A camera positioned at [1,1,1] and targeting [0,0,0] seems to produce a different viewpoint from a camera with position [0,0,0], rotation [0,0,0] bound to a parent object with position [1,1,1] and rotation [-45,45,0]. Why is this?

Sample:

http://pastebin.ca/2257846

Run Instructions:

1. Place the sample in the cubicvr samples/basic folder.
2. cd into the cubicvr root directory and execute python -m SimpleHTTPServer
3. Navigate to localhost:8000 then navigate to samples/basic and execute the script.
4. Open up the console and type fix() or unfix() to view the two viewpoints.