I my current solution I have this cofiguration in the web.config

<system.webServer>
    <validation validateIntegratedModeConfiguration="false"/>
    <modules runAllManagedModulesForAllRequests="true">
      <add name="umbracoRequestModule" type="umbraco.presentation.requestModule"/>
      <add name="viewstateMoverModule" type="umbraco.presentation.viewstateMoverModule"/>
      <add name="umbracoBaseRequestModule" type="umbraco.presentation.umbracobase.requestModule"/>
      <!-- SNIP: stuff left out-->
      <!-- Rewriting must be last - otherwise umbracoRequestModule has not initialized UmbracoContext -->
      <add name="UrlRewriteModule" type="UrlRewritingNet.Web.UrlRewriteModule, UrlRewritingNet.UrlRewriter" preCondition=""/>
    </modules>

Notice that UrlRewriteModule is place after umbracoRequestModule because the rewrite rules (.net code) uses the UmbracoContext

After upgrade to 4.11 it looks like this:

<system.webServer>
    <validation validateIntegratedModeConfiguration="false"/>
    <modules runAllManagedModulesForAllRequests="true">
      <add name="UmbracoModule" type="Umbraco.Web.UmbracoModule,umbraco" />
      
      <!-- Rewriting must be last - otherwise umbracoRequestModule has not initialized UmbracoContext -->
      <add name="UrlRewriteModule" type="UrlRewritingNet.Web.UrlRewriteModule, UrlRewritingNet.UrlRewriter" preCondition=""/>
    </modules>

The rewriting rules are still executed correct - but when rewriting the url it doesn't have any effect - I just get an 404

Has something changed here?