With the current CVS sourcecontrol imeplementation it seems not to be possible to watch modifications of multiple CVS modules. I've attached a tiny patch which makes it possible to specify multiple space-separated module names. Of course the module names itself may not contain spaces with this patch.
The patch is available for 1.2.1.7 and 1.3.0.2918. For convenience reasons I've included the affected assembly (which only includes the changes of this patch).