If you asked yourself how to compile the latest ps3tools for OSX (if you want to use MFWBuilder or something) here is the trick:

Run the commands as follow, you see the error “configure.ac:8: error: possibly undefined macro: AM_INIT_AUTOMAKE”, aclocal will fix that.

autoconf
aclocal
autoconf

But still:

configure: error: cannot find install-sh, install.sh, or shtool in “.” “./..” “./../..”

So whats next? Do the following:

autoreconf -f -i -Wall,no-obsolete


Now run “make” as usale. You are done!