cbuild successfully built this on armv7l-natty-cbuild348-tcpanda02-armv5r2.

The build results are available at:
 http://ex.seabright.co.nz/build/gcc-linaro-4.7+bzr114998~uweigand~neon-shifts/logs/armv7l-natty-cbuild348-tcpanda02-armv5r2

-FAIL: gcc.dg/torture/tls/run-le.c  -O0  -pie -fPIE  (test for excess errors)
-FAIL: gcc.dg/torture/tls/run-le.c  -O0  -pie -fPIE  execution test
-FAIL: gcc.dg/torture/tls/run-le.c  -O0  -pie -fpie  (test for excess errors)
-FAIL: gcc.dg/torture/tls/run-le.c  -O0  -pie -fpie  execution test
+PASS: gcc.dg/torture/tls/run-le.c  -O0  -pie -fPIE  (test for excess errors)
+PASS: gcc.dg/torture/tls/run-le.c  -O0  -pie -fPIE  execution test
+PASS: gcc.dg/torture/tls/run-le.c  -O0  -pie -fpie  (test for excess errors)
+PASS: gcc.dg/torture/tls/run-le.c  -O0  -pie -fpie  execution test
-FAIL: gcc.dg/torture/tls/run-le.c  -O1  -pie -fPIE  (test for excess errors)
-FAIL: gcc.dg/torture/tls/run-le.c  -O1  -pie -fPIE  execution test
-FAIL: gcc.dg/torture/tls/run-le.c  -O1  -pie -fpie  (test for excess errors)
-FAIL: gcc.dg/torture/tls/run-le.c  -O1  -pie -fpie  execution test
+PASS: gcc.dg/torture/tls/run-le.c  -O1  -pie -fPIE  (test for excess errors)
+PASS: gcc.dg/torture/tls/run-le.c  -O1  -pie -fPIE  execution test
+PASS: gcc.dg/torture/tls/run-le.c  -O1  -pie -fpie  (test for excess errors)
+PASS: gcc.dg/torture/tls/run-le.c  -O1  -pie -fpie  execution test
-FAIL: gcc.dg/torture/tls/run-le.c  -O2  -pie -fPIE  (test for excess errors)
-FAIL: gcc.dg/torture/tls/run-le.c  -O2  -pie -fPIE  execution test
-FAIL: gcc.dg/torture/tls/run-le.c  -O2  -pie -fpie  (test for excess errors)
-FAIL: gcc.dg/torture/tls/run-le.c  -O2  -pie -fpie  execution test
+PASS: gcc.dg/torture/tls/run-le.c  -O2  -pie -fPIE  (test for excess errors)
+PASS: gcc.dg/torture/tls/run-le.c  -O2  -pie -fPIE  execution test
+PASS: gcc.dg/torture/tls/run-le.c  -O2  -pie -fpie  (test for excess errors)
+PASS: gcc.dg/torture/tls/run-le.c  -O2  -pie -fpie  execution test
-FAIL: gcc.dg/torture/tls/run-le.c  -O3 -fomit-frame-pointer  -pie -fPIE  (test for excess errors)
-FAIL: gcc.dg/torture/tls/run-le.c  -O3 -fomit-frame-pointer  -pie -fPIE  execution test
-FAIL: gcc.dg/torture/tls/run-le.c  -O3 -fomit-frame-pointer  -pie -fpie  (test for excess errors)
-FAIL: gcc.dg/torture/tls/run-le.c  -O3 -fomit-frame-pointer  -pie -fpie  execution test
+PASS: gcc.dg/torture/tls/run-le.c  -O3 -fomit-frame-pointer  -pie -fPIE  (test for excess errors)
+PASS: gcc.dg/torture/tls/run-le.c  -O3 -fomit-frame-pointer  -pie -fPIE  execution test
+PASS: gcc.dg/torture/tls/run-le.c  -O3 -fomit-frame-pointer  -pie -fpie  (test for excess errors)
+PASS: gcc.dg/torture/tls/run-le.c  -O3 -fomit-frame-pointer  -pie -fpie  execution test
-FAIL: gcc.dg/torture/tls/run-le.c  -O3 -g  -pie -fPIE  (test for excess errors)
-FAIL: gcc.dg/torture/tls/run-le.c  -O3 -g  -pie -fPIE  execution test
-FAIL: gcc.dg/torture/tls/run-le.c  -O3 -g  -pie -fpie  (test for excess errors)
-FAIL: gcc.dg/torture/tls/run-le.c  -O3 -g  -pie -fpie  execution test
+PASS: gcc.dg/torture/tls/run-le.c  -O3 -g  -pie -fPIE  (test for excess errors)
+PASS: gcc.dg/torture/tls/run-le.c  -O3 -g  -pie -fPIE  execution test
+PASS: gcc.dg/torture/tls/run-le.c  -O3 -g  -pie -fpie  (test for excess errors)
+PASS: gcc.dg/torture/tls/run-le.c  -O3 -g  -pie -fpie  execution test
-FAIL: gcc.dg/torture/tls/run-le.c  -Os  -pie -fPIE  (test for excess errors)
-FAIL: gcc.dg/torture/tls/run-le.c  -Os  -pie -fPIE  execution test
-FAIL: gcc.dg/torture/tls/run-le.c  -Os  -pie -fpie  (test for excess errors)
-FAIL: gcc.dg/torture/tls/run-le.c  -Os  -pie -fpie  execution test
+PASS: gcc.dg/torture/tls/run-le.c  -Os  -pie -fPIE  (test for excess errors)
+PASS: gcc.dg/torture/tls/run-le.c  -Os  -pie -fPIE  execution test
+PASS: gcc.dg/torture/tls/run-le.c  -Os  -pie -fpie  (test for excess errors)
+PASS: gcc.dg/torture/tls/run-le.c  -Os  -pie -fpie  execution test
-FAIL: gcc.dg/torture/tls/thr-init-1.c  -O0  -pie -fPIE  (test for excess errors)
-FAIL: gcc.dg/torture/tls/thr-init-1.c  -O0  -pie -fPIE  execution test
...and 144 more

The full diff is at:
 http://ex.seabright.co.nz/build/gcc-linaro-4.7+bzr114998~uweigand~neon-shifts/logs/armv7l-natty-cbuild348-tcpanda02-armv5r2/testsuite-diff.txt

The full testsuite results are at:
 http://ex.seabright.co.nz/build/gcc-linaro-4.7+bzr114998~uweigand~neon-shifts/logs/armv7l-natty-cbuild348-tcpanda02-armv5r2/gcc-testsuite.txt

cbuild-checked: armv7l-natty-cbuild348-tcpanda02-armv5r2