[racket-dev] splicing-syntax-parameterize and syntax-parameter-value

(require racket/stxparam racket/splicing)
(define-syntax-parameter f #f)
(splicing-syntax-parameterize ([f #t])
  (begin-for-syntax (printf "~a~%" (syntax-parameter-value #'f)))
  (void))

This prints #f.

If I instead add a macro indirection

(define-syntax (blah stx) (syntax-case stx () [(_ f) (printf "~a~%" (syntax-parameter-value #'f)) #'(void)]))

Then

(splicing-syntax-parameterize ([f #t])
  (blah f)
  (void))

prints #t

This is messing up some of my syntax parameters that build their definitions from the existing value in the parameter. Why does the first program have this behavior? This feels bug-like to me.
-Ian