Building universal binary on Mac with gmake

I've tried to build executable for "Universal32" platform on Mac OS using gmake action, however I've got the next error:

gcc-4.2: -E, -S, -save-temps and -M options are not allowed with multiple -arch flags

Is it known issue?

It is not a known issue. It was working as of the last beta, when I used it to build a universal version of Premake itself.

Do you build from scratch, i.e. without any *.d files residing from previous build?

Yes, I do.

I've reproduced the same issue with stable branch (was building my branch before). Xcode 3.1 on Mac OS X 10.5.8