-You first need to download and install MSYS-1.0.5 (version 1.0.6 doesn't seem
-to work as well) and MINGW.
-http://prdownloads.sourceforge.net/mingw/msys-1.0.5-i686-bin.tar.gz
+You will need to download and install the latest MSYS (version 1.0.7 as
+of now) and MINGW.
+The installation is really easy. Begin with the MSYS auto-installer and once
+this is done, extract MINGW into c:\msys\1.0\mingw. You also have to remember
+to remove the make utility included with MINGW as it conflicts with the one
+from MSYS (just rename or remove c:\msys\1.0\mingw\bin\make.exe).
+
+http://www.mingw.org/download.shtml
+http://prdownloads.sourceforge.net/mingw/MSYS-1.0.7-i686-2002.04.24-1.exe