Getting closer.
./configure --disable-bsd-user --disable-gfx-check --disable-sdl
gmake
...
(blah blah blah)
LINK qemu-nbd
osdep.o: In function `qemu_memalign':
/netboot1/qemu-0.10.0/qemu-0.10.0/osdep.c:192: undefined reference to `memalign'
gmake: *** [qemu-nbd] Error 1
-Matt