After a long period of giving the openmoko build process a small part of my free time, ive finally got a build environment. MacMini->OS X->Parallels->Ubuntu. Using the MokoMakeFile, the build process took 8-9 hours of time and 8-9GB of disk space. It also took a couple instances of installing stuff that wasn't on the requirements list.
It finished and QEMU is running the latest openmoko image. Yea. Here is a pretty shot of openmoko placing a call.