I think this is a bug.  Calling the addChildViewController seems to run without any warning or error too.
I wrote the following viewDidLoad:
- (void)viewDidLoad
{
    [super viewDidLoad];
    MyChildView *aChildViewController = [[MyChildView alloc] initWithNibName:@"MyChildView" bundle:nil];
    // Do any additional setup after loading the view, typically from a nib.
    SEL mySelector = @selector(addChildViewController:);
    if([UIViewController instancesRespondToSelector:mySelector] == YES) {
        NSLog(@"YES addChildViewController:"); 
        [self addChildViewController:aChildViewController];
    } else {
        NSLog(@"NO addChildViewController:");
    }
    if([UIViewController instancesRespondToSelector:@selector(automaticallyForwardAppearanceAndRotationMethodsToChildViewControllers)] == YES) {
        NSLog(@"YES automaticallyForwardAppearanceAndRotationMethodsToChildViewControllers");
    } else {
        NSLog(@"NO automaticallyForwardAppearanceAndRotationMethodsToChildViewControllers");
    }
}
In the iOS 4.3 Simulator I see following output.  Both messages are restricted to IOS 5.0 and higher.  It appears addChildViewController is responding in the 4.3 simulator incorrectly.  I don't have 4.3 device to test on an actual device.
2011-11-18 09:55:12.161 testViewFunctionality[873:b303] YES addChildViewController:
2011-11-18 09:55:12.162 testViewFunctionality[873:b303] NO automaticallyForwardAppearanceAndRotationMethodsToChildViewControllers
In the iOS 5.0 Simulator both respond which is correct behavior.
2011-11-18 09:59:31.250 testViewFunctionality[932:f803] YES addChildViewController:
2011-11-18 09:59:31.252 testViewFunctionality[932:f803] YES automaticallyForwardAppearanceAndRotationMethodsToChildViewControllers
I'm using XCode 4.2 on Lion.  When I look through UIViewController.h on the 4.3 Simulator's framework there is no mention of addChildViewController: or automaticallyForwardAppearanceAndRotationMethodsToChildViewControllers but the only SDK included is 5.0.  

I suppose that if you wanted to be cautious you could test the running iOS version on the running device.  See How to check iOS version?