Hello! Well I can certainly confirm that the current code stored in SVN at Google Code works for me using Cygwin 1.7.1 will indeed build there.
My only problem is that with Windows 7, the system persists in thinking that the driversd for the FTDI thing is available on the Update site for Windows. Especially since I've already downloaded the appropriate ones for a 64 bit system.
Right now I've got the Arduino running the code for an LCD display with a Sparkfun serial backpack. See here for details: http://www.arduino.cc/playground/Learning/SparkFunSerLCD
I imagine I'll obtain other displays from Sparkfun on the Thursday. /me