When I try to build Org 8.0.7 I get many, many of this warning, then I get the error

org.el:15592:4:Warning: attempt to open-code `anonymous lambda' with too many arguments                                                                
org.el:15592:4:Warning: attempt to open-code `anonymous lambda' with too many arguments                                                                
org.el:15592:4:Error: Variable binding depth exceeds max-specpdl-size        

No org.elc is ever produced.

$> emacs --version
GNU Emacs 23.1.1

When I tried Googling this error I see something about Xemacs but nothing is really relevant.

I asume production code would build without errors.  Is there something with my emacs? 

Anybody else encounter this?

--
Bob Love