> It seems that for whatever reason (I´ve set Processor type to 386 in make > menuconfig) it thinks that there is a arch/i586 directory where there isn´t.
I just had the exact same problem symptoms (including the failed retry with specific arch) as you a few days ago, but with a 2.2 kernel build. If you have an ARCH environment variable, unset it and try the basic build command again. That worked for me, although it seems odd I never had a problem with it before... Hope this helps, Robert Braddock