Joble and I were just discussing this. Here's his error output:
/bin/sh ../libtool --tag=CC --mode=compile gcc -DHAVE_CONFIG_H -I. -I.. -I../include -I/usr/include/python2.5 -I/usr/include/python2.5 -O2 -pipe -Wp,-D_FORTIFY_SOURCE=2 -fomit-frame-pointer -march=i586 -mtune=generic -fasynchronous-unwind-tables -Werror -Wmissing-prototypes -fno-strict-aliasing -MT _pedmodule_la-convert.lo -MD -MP -MF .deps/_pedmodule_la-convert.Tpo -c -o _pedmodule_la-convert.lo `test -f 'convert
.c' || echo './'`convert.c
/bin/sh ../libtool --tag=CC --mode=compile gcc -DHAVE_CONFIG_H -I. -I.. -I../include -I/usr/include/python2.5 -I/usr/include/python2.5 -O2 -pipe -Wp,-D_FORTIFY_SOURCE=2 -fomit-frame-pointer -march=i586 -mtune=generic -fasynchronous-unwind-tables -Werror -Wmissing-prototypes -fno-strict-aliasing -MT _pedmodule_la-_pedmodule.lo -MD -MP -MF .deps/_pedmodule_la-_pedmodule.Tpo -c -o _pedmodule_la-_pedmodule.lo `test -f
'_pedmodule.c' || echo './'`_pedmodule.c
../libtool: line 830: X--tag=CC: command not found
../libtool: line 863: libtool: ignoring unknown tag : command not found
../libtool: line 830: X--mode=compile: command not found
../libtool: line 830: X--tag=CC: command not found
../libtool: line 863: libtool: ignoring unknown tag : command not found
../libtool: line 830: X--mode=compile: command not found
../libtool: line 997: *** Warning: inferring the mode of operation is deprecated.: command not found
../libtool: line 997: *** Warning: inferring the mode of operation is deprecated.: command not found
../libtool: line 998: *** Future versions of Libtool will require --mode=MODE be specified.: command not found
../libtool: line 998: *** Future versions of Libtool will require --mode=MODE be specified.: command not found
../libtool: line 1141: Xgcc: command not found
../libtool: line 1141: Xgcc: command not found
../libtool: line 1141: X-DHAVE_CONFIG_H: command not found
../libtool: line 1141: X-DHAVE_CONFIG_H: command not found
../libtool: line 1141: X-I.: command not found
../libtool: line 1141: X-I.: command not found
../libtool: line 1141: X-I..: command n