This is a daemon that notifies about filesystem changes in the following form:

M /path/to/changed/file
M /path/to/other/changed/file
-

The daemon is based on kfsmd-0.3.3 and tuned a little bit to be more realtime
The original kfsmd-0.3.3 could be found at http://sourceforge.net/projects/witme/files/kfsmd/
The preferred way to use this daemon is to run the following:

./notify watch /path/to/watch | uniq

You can get rid of "| uniq", but in this case you will get multiple lines per each file
for each type of event (e.g. OPEN/WRITE/CLOSE)