Argh libtool problems are really a pain in the ***...
What version of libtool do you have ? I installed this package on several different computers without any problems... libSDL comes from zports.sf.net, maybe you should go ask there if you still have the problem.
As for OpenEmbedded I am not really convinced. I am not trying to build packages just for the Zaurus, I am trying to port Linux applications to the Zaurus, which for some reasons has to use the original Sharp ROM. Would OpenEmbedded really be better for me ?
P.S. By the way I just discovered that my installation package does not work with GCC 3.4, which is much more strict...