You can clone with
HTTPS or Subversion.
Running on a core i7 8 core system w/ 12GB RAM, OS 10.6.7, xcode 4.0.1.
emacs fails in the build step after the point where it loads all of its core library modules then dumps itself into an executable using unexec.
build output is in: https://gist.github.com/978626
oh, this seems to be a duplicate of issue 4650... adding my +1 over there.