compizconfig-python: fails to build in Arch Linux

Arch Linux is using Python 2.7.4. Maybe this is the problem?

Build Log:

In file included from /usr/include/python2.7/Python.h:126:0,
                 from /home/iven/Install/compiz-bzr/src/compiz-build/build/compizconfig/compizconfig-python/compizconfig.c:4:
/usr/include/python2.7/modsupport.h:27:1: error: ‘_PyArg_ParseTuple_SizeT’ is an unrecognized format function type [-Werror=format=]
 PyAPI_FUNC(int) PyArg_ParseTuple(PyObject *, const char *, ...) Py_FORMAT_PARSETUPLE(PyArg_ParseTuple, 2, 3);
 ^
cc1: error: unrecognized command line option "-Wno-unused-private-field" [-Werror]
cc1: error: unrecognized command line option "-Wno-unused-private-field" [-Werror]
cc1: error: unrecognized command line option "-Wno-unused-private-field" [-Werror]
cc1: all warnings being treated as errors
make[2]: *** [compizconfig/compizconfig-python/CMakeFiles/compizconfig_python_module.dir/compizconfig.c.o] Error 1
make[1]: *** [compizconfig/compizconfig-python/CMakeFiles/compizconfig_python_module.dir/all] Error 2
make[1]: *** Waiting for unfinished jobs....
[ 34%] Built target compiz_core
make: *** [all] Error 2
==> ERROR: A failure occurred in build().
    Aborting...