With freshly updated code (Aug 12 9:43GMT):

# pwd
/usr/src/distrib/i386/floppies/ramdisk-big
# make -dx
SMALLPROG=1 make -j 1 -f ramdiskbin.mk all
+ SMALLPROG=1 make -j 1 -f ramdiskbin.mk all
if [ \! -d ifconfig ]; then mkdir ifconfig; fi; cd ifconfig;  printf ".PATH: /usr/src/distrib/utils/x_ifconfig\n.CURDIR:= /usr/src/distrib/utils/x_ifconfig\n.include \"\${.CURDIR}/Makefile\"\n"  | make CRUNCHEDPROG=1 DBG="-Os" -f- depend ifconfig.o
+ [ ! -d ifconfig ]
+ cd ifconfig
+ printf .PATH: /usr/src/distrib/utils/x_ifconfig\n.CURDIR:= /usr/src/distrib/utils/x_ifconfig\n.include "${.CURDIR}/Makefile"\n
+ make CRUNCHEDPROG=1 DBG=-Os -f- depend ifconfig.o
make: don't know how to make ifconfig.c. Stop


I have been playing "spot the difference" with x_dhclient, and haven't
spotted it...

Cheers,

Patrick