This is a known issue. The mechanism for the detection which patches to apply is broken. Try using "make build" instead of "make".
Better solution: Upgrade to iptables-1.1.2 or later
Internal structures in iptables have changed. Upgrade to iptables >= 1.1.1
Please use iptables-1.2.2 release or use netfilter CVS.
Most likely you are experiencing compile problems with a function called
If you are using iptables <= 1.2.2, you NEED to apply the
'dropped-table' and 'ftp-fixes' patches.
If you are using iptables > 1.2.2 or recent CVS, please don't apply
the 'dropped-table', as it is incompatible with BALANCE, NETMAP, irc-nat,
SAME and talk-nat.
ip_nat_setup_info
.
The netfilter core team bases development on Linus' kernel tree, so using -ac series is on your own risk.