Compiling newlib from gcc-arm-none-eabi-*-src.tar.bz2

I am sorry with flooding the Answers section, I am changing the commercial solution (gcc based) with the pure open source variant.
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It is possible to compile the newlib library extracted from gcc-arm-none-eabi-*-src.tar.bz2 with the already precompiled binaries from gcc-arm-none-eabi-*-linux.tar.bz2? I mean to extract the newlib source to somewhere, compile it and than replace the libc, libg, crt0.s and ../arm-none-eabi/include/newlib.h in the binary directory.

What ./configure arguments should I use?
../configure --target=arm-none-eabi -enable-newlib-io-long-long --enable-newlib-register-fini --disable-newlib-supplied-syscalls --disable-nls (taken from build-toolchain.sh)

I am asking because of references to https://answers.launchpad.net/gcc-arm-embedded/+question/246018
and https://bugs.launchpad.net/gcc-arm-embedded/+bug/1303369

Best
Martin