Well, brute force to disable rpath.

Only 
-hardcode_libdir_flag_spec=$lt_[]_LT_AC_TAGVAR(hardcode_libdir_flag_spec, $1)
+#hardcode_libdir_flag_spec=$lt_[]_LT_AC_TAGVAR(hardcode_libdir_flag_spec, $1)

should be necessary....

Index: libtool-1.5.10/libtool.m4
===================================================================
--- libtool-1.5.10.orig/libtool.m4	2007-05-27 23:31:51.000000000 +0200
+++ libtool-1.5.10/libtool.m4	2007-05-27 23:50:26.000000000 +0200
@@ -4244,16 +4244,16 @@
 hardcode_action=$_LT_AC_TAGVAR(hardcode_action, $1)
 
 # Whether we should hardcode library paths into libraries.
-hardcode_into_libs=$hardcode_into_libs
+hardcode_into_libs=no
 
 # Flag to hardcode \$libdir into a binary during linking.
 # This must work even if \$libdir does not exist.
-hardcode_libdir_flag_spec=$lt_[]_LT_AC_TAGVAR(hardcode_libdir_flag_spec, $1)
+hardcode_libdir_flag_spec=
 
 # If ld is used when linking, flag to hardcode \$libdir into
 # a binary during linking. This must work even if \$libdir does
 # not exist.
-hardcode_libdir_flag_spec_ld=$lt_[]_LT_AC_TAGVAR(hardcode_libdir_flag_spec_ld, $1)
+hardcode_libdir_flag_spec_ld=
 
 # Whether we need a single -rpath flag with a separated argument.
 hardcode_libdir_separator=$lt_[]_LT_AC_TAGVAR(hardcode_libdir_separator, $1)
