Fakeroot-ng is a clean re-implementation of fakeroot. The core idea is to run a program, but wrap all system calls that program performs so that it thinks it is running as root, while it is, in practice, running as an unprivileged user. When the program is trying to perform a privileged operation (such as modifying a file's owner or creating a block device), this operation is emulated, so that an unprivileged operation is actually carried out, but the result of the privileged operation is reported to the program whenever it attempts to query the result.
Fakeroot uses the LD_PRELOAD mechanism to wrap system calls. This is fairly simple (relatively speaking) to implement, and is equivalent of placing a hook between the program and the runtime library. Among other disadvantages, LD_PRELOAD is unable to track system calls performed by statically compiled files.
Fakeroot-ng, on the other hand, uses the PTRACE mechanism, the mechanism used by debuggers, to track the program's system calls. This is equivalent of placing a hook between the user space and the kernel. It is not possible to bypass the monitoring performed by fakeroot-ng, even if one attempts to do so on purpose. The down side is that the hooks themselves are much more platform dependent, and are more difficult to program and debug.
More details about the technical differences between LD_PRELOAD and PTRACE system calls monitoring can be found in the PTRACE LD_PRELOAD comparison page.
On the functional level, there are many differences between fakeroot and fakeroot-ng. Some of these differences are a result of the different technologies used by the two programs, and some are more derivatives of the above. The differences cover such areas as default ownership of unknown files, handling of SUID executables and chroot support. The differences are covered in more depth in the fakeroot vs fakeroot-ng comparison page.
Some features, though technically possible, are out of scope for the project.
Fakeroot-ng is written and maintained by Shachar Shemesh.
Commercial support is available from Shachar's company, Lingnu Open Source Consulting Ltd.
The latest version of fakeroot-ng is 0.17. It can be downloaded from the SourceForge project's page.