gcc-arm-none-eabi: can't build Linux kernel (regression)

Steps to reproduce the problem:

$ git clone git://gitorious.org/linux-n900/freemangordons-linux-n900.git
$ cd freemangordons-linux-n900
$ git checkout v3.16-rc1-n900
$ export ARCH=arm
$ make rx51_defconfig
$ make zImage

Error:
  CC arch/arm/kernel/process.o
arch/arm/kernel/process.c: In function '__show_regs':
arch/arm/kernel/process.c:293:4: error: invalid 'asm': operand number out of range
    asm("mrc p15, 0, %0, c2, c0\n\t"
    ^
scripts/Makefile.build:257: recipe for target 'arch/arm/kernel/process.o' failed
make[1]: *** [arch/arm/kernel/process.o] Error 1
Makefile:893: recipe for target 'arch/arm/kernel' failed
make: *** [arch/arm/kernel] Error 2

-
Dowgraded previous version from Utopic.
downgrading gcc-arm-none-eabi from 4.8.3-11ubuntu1+11 to 4.8.2-14ubuntu1+6
-> Compiles fine.

--
Reported also in: https://bugs.debian.org/cgi-bin/bugreport.cgi?bug=760911
Where gcc-arm-none-eabi 4.8.3-9+11 failed and 4.8.3-7+10 was succesfully used.