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The change in exec doesn't make sense to me (but see lower :))
__file__ should be in globals, not locals, right?
Also if it is right, then exec(foo, g) should be equivalent :)
The reset of the patch looks ok. But I can see your patch shows this breaking - I'm guessing its one of the things I keep forgetting about module scope evaluation and the import system - anyhoo.
Applying to 3.6.
Also looking at it the saving of argv is still broken even with your patch - the original argv is mutated, and the /name/ not the /value/ is restored. We should rebind argv to the copy, then restore the binding. But that can be done later.