For those interested, here's a very good article about Buildroot and ct-NG:
http://www.blaess.fr/christophe/2011...ross-compiler/
I'm very amazed at how good
Google Translated this French article. Bravo!
P.S. Damn! It took a good 12 hours for gcc-gcj, which was a requirement for crosstools-NG, to get compiled. Buildroot better require gcj too or else I'm gonna throw this laptop out.

err... guess not!