The easiest way to build GStreamer is with a scratchbox environment, either scratchbox, or scratchbox2.
Set prefix to the place where you want GStreamer to be installed.
glib
./configure --prefix="$prefix" --disable-static --with-html-dir=/tmp/dump make install
gstreamer
./configure --prefix="$prefix" --disable-nls --disable-static --enable-binary-registry --disable-loadsave --with-html-dir=/tmp/dump make install
liboil
./configure --prefix="$prefix" --disable-static --with-html-dir=/tmp/dump make install
gst-plugins-base
./configure --prefix="$prefix" --disable-nls --disable-static --with-html-dir=/tmp/dump make install
gst-plugins-good
./configure --prefix="$prefix" --disable-nls --disable-static --with-html-dir=/tmp/dump --with-plugins=avi,qtdemux make install
Note: If you want all the plug-ins remove the with-plugins option, otherwise specify the ones you want
gst-plugins-ugly
./configure --prefix="$prefix" --disable-nls --disable-static --with-html-dir=/tmp/dump --with-plugins=asfdemux make install