WITH CHECK OPTION And INSTEAD OF Triggers

I know that INSTEAD OF triggers are not allowed on updatable views that use WITH CHECK OPTION, but this is different. WITH CHECK OPTION has no effect on a view used to update a table with INSTEAD OF triggers. Can you create an updatable view that uses WITH CHECK OPTION on a table that has INSTEAD OF triggers?

The following code demonstrates the problem. Comment out the create trigger statement to see the behavior change.

create table test (test int not null)
GO
create view test_view as select * from test where test < 0 with check option
GO
/**/create trigger test_insert on test instead of insert as insert into test select * from inserted
GO
insert into test values (1)
GO
insert into test_view values (2)
GO
select * from test
select * from test_view
GO
drop view test_view
GO
drop table test
GO