The following is where it fails un-patched:

Compiling /usr/local/lib/python2.6/test/test_float.py ...
Traceback (most recent call last):
  File "/usr/local/lib/python2.6/compileall.py", line 156, in <module>
    exit_status = int(not main())
  File "/usr/local/lib/python2.6/compileall.py", line 146, in main
    force, rx, quiet):
  File "/usr/local/lib/python2.6/compileall.py", line 83, in compile_dir
    if not compile_dir(fullname, maxlevels - 1, dfile, force, rx, quiet):
  File "/usr/local/lib/python2.6/compileall.py", line 65, in compile_dir
    ok = py_compile.compile(fullname, None, dfile, True)
  File "/usr/local/lib/python2.6/py_compile.py", line 138, in compile
    marshal.dump(codeobject, fc)
ValueError: unmarshallable object
make: *** [libinstall] Error 1

This is both on armv4l and armv5l OABI.