Warning: When editing the patch, see the ugly hack (removal of pwd) when calling temacs and emacs.
For unknown reason, qemu-arm is not able to recognize binary correctly.

Index: emacs-22.3/lib-src/Makefile.in
===================================================================
--- emacs-22.3.orig/lib-src/Makefile.in	2008-04-24 05:38:12.000000000 +0000
+++ emacs-22.3/lib-src/Makefile.in	2008-11-21 15:51:14.000000000 +0000
@@ -24,7 +24,7 @@
 SHELL = /bin/sh
 
 # Following ../lisp/Makefile.in.
-EMACS = ../src/emacs
+EMACS = ${QEMU} emacs
 EMACSOPT = -batch --no-site-file --multibyte
 
 # ==================== Things `configure' will edit ====================
@@ -388,7 +388,7 @@
    clobbered too.  */
 test-distrib${EXEEXT}: ${srcdir}/test-distrib.c
 	$(CC) ${ALL_CFLAGS} -o test-distrib ${srcdir}/test-distrib.c
-	./test-distrib ${srcdir}/testfile
+	${QEMU} ./test-distrib ${srcdir}/testfile
 
 /* We need the following in order to create a <getopt.h> when the system
    doesn't have one that works with the given compiler.  */
Index: emacs-22.3/lisp/Makefile.in
===================================================================
--- emacs-22.3.orig/lisp/Makefile.in	2008-08-12 18:35:42.000000000 +0000
+++ emacs-22.3/lisp/Makefile.in	2008-11-21 15:54:38.000000000 +0000
@@ -63,7 +63,7 @@
 
 # The actual Emacs command run in the targets below.
 
-emacs = EMACSLOADPATH=$(lisp) $(EMACS) $(EMACSOPT)
+emacs = EMACSLOADPATH=$(lisp) ${QEMU} emacs $(EMACSOPT)
 
 # Common command to find subdirectories
 
Index: emacs-22.3/src/Makefile.in
===================================================================
--- emacs-22.3.orig/src/Makefile.in	2008-07-11 08:52:53.000000000 +0000
+++ emacs-22.3/src/Makefile.in	2008-11-21 15:52:09.000000000 +0000
@@ -497,7 +497,7 @@
    this with the shell''s ``for'' construct.
    Note that some people do not have '.'  in their paths, so we must
    use ./prefix-args.  */
-#define YMF_PASS_LDFLAGS(flags) `./prefix-args -Xlinker flags`
+#define YMF_PASS_LDFLAGS(flags) `${QEMU} ./prefix-args -Xlinker flags`
 #else
 #define YMF_PASS_LDFLAGS(flags) flags
 #endif
@@ -949,7 +949,7 @@
 #define OBJECTS_MACHINE
 #endif
 
-RUN_TEMACS = ./temacs
+RUN_TEMACS = ${QEMU} temacs
 
 all: emacs${EXEEXT} OTHER_FILES
 
@@ -964,7 +964,7 @@
 	LC_ALL=C $(RUN_TEMACS) -batch -l loadup dump
 #endif /* ! defined (HAVE_SHM) */
 #endif /* ! defined (CANNOT_DUMP) */
-	-./emacs -q -batch -f list-load-path-shadows
+	-${QEMU} emacs -q -batch -f list-load-path-shadows
 
 /* We run make-docfile twice because the command line may get too long
    on some systems.  */
@@ -976,8 +976,8 @@
    Likewise for ${SOME_MACHINE_LISP}.  */
 ${etc}DOC: ${libsrc}make-docfile${EXEEXT} ${obj} ${shortlisp} ${SOME_MACHINE_LISP}
 	-rm -f ${etc}DOC
-	${libsrc}make-docfile -d ${srcdir} ${SOME_MACHINE_OBJECTS} ${obj} > ${etc}DOC
-	${libsrc}make-docfile -a ${etc}DOC -d ${srcdir} ${SOME_MACHINE_LISP} ${shortlisp}
+	${QEMU} ${libsrc}make-docfile -d ${srcdir} ${SOME_MACHINE_OBJECTS} ${obj} > ${etc}DOC
+	${QEMU} ${libsrc}make-docfile -a ${etc}DOC -d ${srcdir} ${SOME_MACHINE_LISP} ${shortlisp}
 
 ${libsrc}make-docfile${EXEEXT}:
 	cd ${libsrc}; ${MAKE} ${MFLAGS} make-docfile${EXEEXT}
Index: emacs-22.3/leim/Makefile.in
===================================================================
--- emacs-22.3.orig/leim/Makefile.in	2008-01-07 08:09:43.000000000 +0000
+++ emacs-22.3/leim/Makefile.in	2008-11-21 15:52:50.000000000 +0000
@@ -51,7 +51,7 @@
 
 # How to run Emacs.
 RUN-EMACS = EMACSLOADPATH=$(buildlisppath) LC_ALL=C\
-	${BUILT-EMACS} -batch --no-init-file --no-site-file --multibyte
+	${QEMU} emacs -batch --no-init-file --no-site-file --multibyte
 
 # Subdirectories to be made if ${srcdir} is different from the current
 # directory.