are you sure you have read the release notes and got all updated dependencies? it is usually the case.
./configure make doesn't really break under normal circumstances.
(though I have no experience on ARM i will admit).
and have you read the error message properly?
Code:
/bin/ld: warning: libgmodule-2.0.so.0, needed by ./.libs/libgio-2.0.so, not found (try using -rpath or -rpath-link)