--- SDL-1.2.14/configure.in.org	2010-03-29 21:38:33.976889923 +0200
+++ SDL-1.2.14/configure.in	2010-03-29 21:38:58.236890584 +0200
@@ -2,7 +2,7 @@
 AC_INIT(README)
 AC_CONFIG_HEADER(include/SDL_config.h)
 AC_GNU_SOURCE
-AC_CONFIG_AUX_DIRS($srcdir/build-scripts)
+AC_CONFIG_AUX_DIR([build-scripts])
 
 dnl Set various version strings - taken gratefully from the GTk sources
 #

Ideas for patch from:
http://www.mythtv.org/wiki/Windows_Port#SDL_-_libtool_cannot_build_libtool_library_libSDL.la
--- SDL-1.2.14/Makefile.in.org	2010-03-29 21:58:23.768890123 +0200
+++ SDL-1.2.14/Makefile.in	2010-03-29 21:59:23.177902456 +0200
@@ -76,7 +76,7 @@
 include $(depend)
 
 $(objects)/$(TARGET): $(OBJECTS)
-	$(LIBTOOL) --mode=link $(CC) -o $@ $(OBJECTS) $(LDFLAGS) $(EXTRA_LDFLAGS) $(LT_LDFLAGS)
+	$(LIBTOOL) --mode=link $(CC) -o $@ $(subst version.o,version.lo,$(OBJECTS)) $(LDFLAGS) $(EXTRA_LDFLAGS) $(LT_LDFLAGS)
 
 $(objects)/$(SDLMAIN_TARGET): $(SDLMAIN_OBJECTS)
 	$(AR) cru $@ $(SDLMAIN_OBJECTS)
--- SDL-1.2.14/build-scripts/makedep.sh.org	2010-03-29 22:07:03.642140221 +0200
+++ SDL-1.2.14/build-scripts/makedep.sh	2010-03-29 22:07:54.638889840 +0200
@@ -81,7 +81,7 @@
         ;;
         rc) cat >>${output}.new <<__EOF__
 
-	\$(WINDRES) $src \$@
+	\$(LIBTOOL)  --tag=RC --mode=compile \$(WINDRES) $src  -o \$@
 
 __EOF__
         ;;