I have just tried with a empty Config.pp (havent tought about doing that before 
.
However starting ppremake in dtool woudnt use libjpeg, libpng, libtiff, NVidia Shading, CG OpenGL API, FMOD. With a customomized Config.pp (mostly like discourse.panda3d.org/viewtopic.php?start=90&t=1193 (post from kaweh)) it would would include these, but a “make” in panda gives the following error:
g++ -undefined dynamic_lookup -dynamic -dynamiclib -o Opt2-OSX/libgobj.dylib -install_name libgobj.dylib Opt2-OSX/gobj_gobj_composite1.o Opt2-OSX/gobj_gobj_composite2.o Opt2-OSX/libgobj_igate.o -L…/event/Opt2-OSX -L…/express/Opt2-OSX -L…/gsgbase/Opt2-OSX -L…/linmath/Opt2-OSX -L…/mathutil/Opt2-OSX -L…/nativenet/Opt2-OSX -L…/net/Opt2-OSX -L…/pandabase/Opt2-OSX -L…/pipeline/Opt2-OSX -L…/pnmimage/Opt2-OSX -L…/pstatclient/Opt2-OSX -L…/putil/Opt2-OSX -L/usr/local/panda//lib -L/usr/local/panda//lib -L/Library/Frameworks/Python.framework/Versions/2.4/lib -L/System/Library/Frameworks/Cg.framework/Versions/1.0 -L/opt/local/lib -lpstatclient -levent -llinmath -lmathutil -lpnmimage -lgsgbase -lputil -lnet -lexpress -lpandabase -lpipeline -lnativenet -linterrogatedb -ldconfig -ldtoolutil -ldtoolbase -lprc -lCg -lz -framework Python
/usr/bin/libtool: can’t locate file for: -lCg
/usr/bin/libtool: file: -lCg is not an object file (not allowed in a library)
make[1]: *** [Opt2-OSX/libgobj.dylib] Error 1
make: *** [gobj] Error 2
Edit:
Im using the current CVS version.