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This patch has been taken from http://lists.nongnu.org/archive/html/openexr-devel/2010-08/msg00011.html

Here, we just patch configure to save an autoconf

diff -ur ilmbase-1.0.2.orig/configure ilmbase-1.0.2/configure
--- ilmbase-1.0.2.orig/configure	2010-07-23 11:13:13.000000000 +1000
+++ ilmbase-1.0.2/configure	2010-09-27 00:01:17.000000000 +1000
@@ -20374,7 +20374,6 @@
 
 case "$host" in
 *darwin*)
-    CXXFLAGS="$CXXFLAGS -Wno-long-double"
 
         # Check whether --enable-osx-arch or --disable-osx-arch was given.
 if test "${enable_osx_arch+set}" = set; then