Richard, In December I submitted a patch to replace ftest*.c in gcc.target/arm with compile-only tests: <http://gcc.gnu.org/ml/gcc-patches/2012-12/msg01339.html>. There has been no response to the patch.
One reason for the replacement is that the arch_v*_multilib effective target checks don't do what they're supposed to do and sometimes cause the simulator and QEMU to hang, as described in PR testsuite/55780. Please review the patch or encourage someone to fix the effective target checks. Janis