Fedora 9 + CIFS issue

[slamp slamp]

I am having issues mounting windows 2003 share from Fedora 9 (upgrade)
that used to work with Fedora 8.

This command works:
# mount.cifs //192.168.0.1/HomeDirs/useraccount /media/useraccount -o
username=useraccount,password=mypassword

This does not work:
# mount.cifs //192.168.0.1/HomeDirs/useraccount /media/useraccount -o
credentials=/home/useraccount/samba_cred
mount error 13 = Permission denied
Refer to the mount.cifs(8) manual page (e.g.man mount.cifs)

Needless to say my fstab entry will not work which worked in Fedora 8:
//192.168.0.1/HomeDirs/useraccount	/media/useraccount
	cifs	rw,credentials=/home/useraccount/samba_cred 0 0


My credentials file, I made sure there are no whitespaces.
$ cat /home/useraccount/samba_cred
username=useraccount
password=mypassword