diff --git a/buildtoolchain/buildit.sh b/buildtoolchain/buildit.sh
index c342d09..8218fc2 100755
--- a/buildtoolchain/buildit.sh
+++ b/buildtoolchain/buildit.sh
@@ -7,27 +7,27 @@
 # Released under the terms of the GNU GPL, version 2
 SCRIPTDIR=`dirname $PWD/$0`
 
-BINUTILS_VER=2.22
+BINUTILS_VER=2.23.1
 BINUTILS_DIR="binutils-$BINUTILS_VER"
 BINUTILS_TARBALL="binutils-$BINUTILS_VER.tar.bz2"
 BINUTILS_URI="http://ftp.gnu.org/gnu/binutils/$BINUTILS_TARBALL"
 
-GMP_VER=5.0.5
+GMP_VER=4.3.2
 GMP_DIR="gmp-$GMP_VER"
 GMP_TARBALL="gmp-$GMP_VER.tar.bz2"
 GMP_URI="http://ftp.gnu.org/gnu/gmp/$GMP_TARBALL"
 
-MPFR_VER=3.1.0
+MPFR_VER=2.4.2
 MPFR_DIR="mpfr-$MPFR_VER"
 MPFR_TARBALL="mpfr-$MPFR_VER.tar.bz2"
 MPFR_URI="http://ftp.gnu.org/gnu/mpfr/$MPFR_TARBALL"
 
-MPC_VER=0.9
+MPC_VER=0.8.1
 MPC_DIR="mpc-$MPC_VER"
 MPC_TARBALL="mpc-$MPC_VER.tar.gz"
 MPC_URI="http://www.multiprecision.org/mpc/download/$MPC_TARBALL"
 
-GCC_VER=4.7.1
+GCC_VER=4.7.2
 GCC_DIR="gcc-$GCC_VER"
 GCC_TARBALL="gcc-$GCC_VER.tar.bz2"
 GCC_URI="http://ftp.gnu.org/gnu/gcc/gcc-$GCC_VER/$GCC_TARBALL"
@@ -178,9 +178,6 @@ mv "$WIIDEV/$GCC_DIR/$GMP_DIR" "$WIIDEV/$GCC_DIR/gmp" || die "Error renaming $GM
 mv "$WIIDEV/$GCC_DIR/$MPFR_DIR" "$WIIDEV/$GCC_DIR/mpfr" || die "Error renaming $MPFR_DIR -> mpfr"
 mv "$WIIDEV/$GCC_DIR/$MPC_DIR" "$WIIDEV/$GCC_DIR/mpc" || die "Error renaming $MPC_DIR -> mpc"
 
-# http://gcc.gnu.org/git/?p=gcc.git;a=commitdiff;h=37ca432506c69627cd91cc76717a1304bfaccabb
-patch -d $WIIDEV/$GCC_DIR -u -i $SCRIPTDIR/gcc.patch || die "Error applying gcc patch"
-
 case $BUILDTYPE in
 	arm)		buildarm ;;
 	powerpc)	buildpowerpc ;;
diff --git a/buildtoolchain/gcc.patch b/buildtoolchain/gcc.patch
deleted file mode 100644
index 776590d..0000000
--- a/buildtoolchain/gcc.patch
+++ /dev/null
@@ -1,67 +0,0 @@
-From 37ca432506c69627cd91cc76717a1304bfaccabb Mon Sep 17 00:00:00 2001
-From: nickc <nickc@138bc75d-0d04-0410-961f-82ee72b054a4>
-Date: Wed, 9 May 2012 16:20:17 +0000
-Subject: [PATCH] 	PR bootstrap/50461
- 	* configure.ac (mpfr-dir): When using in-tree MPFR sources
- 	allow for the fact that from release v3.1.0 of MPFR the source
- 	files were moved into a src sub-directory.
- 	* configure: Regenerate.
-
-git-svn-id: svn+ssh://gcc.gnu.org/svn/gcc/trunk@187341 138bc75d-0d04-0410-961f-82ee72b054a4
----
- ChangeLog    |    9 +++++++++
- configure    |   13 ++++++++++---
- configure.ac |   13 ++++++++++---
- 3 files changed, 29 insertions(+), 6 deletions(-)
-
-diff --git a/configure b/configure
-index faabb33..083f2ce 100755
---- a/configure
-+++ b/configure
-@@ -5204,9 +5204,16 @@ if test "x$with_mpfr_lib" != x; then
-   gmplibs="-L$with_mpfr_lib $gmplibs"
- fi
- if test "x$with_mpfr$with_mpfr_include$with_mpfr_lib" = x && test -d ${srcdir}/mpfr; then
--  gmplibs='-L$$r/$(HOST_SUBDIR)/mpfr/'"$lt_cv_objdir $gmplibs"
--  gmpinc='-I$$r/$(HOST_SUBDIR)/mpfr -I$$s/mpfr '"$gmpinc"
--  extra_mpc_mpfr_configure_flags='--with-mpfr-include=$$s/mpfr --with-mpfr-lib=$$r/$(HOST_SUBDIR)/mpfr/'"$lt_cv_objdir"
-+  # MPFR v3.1.0 moved the sources into a src sub-directory.
-+  if test -d ${srcdir}/mpfr/src; then
-+    gmplibs='-L$$r/$(HOST_SUBDIR)/mpfr/src/'"$lt_cv_objdir $gmplibs"
-+    gmpinc='-I$$r/$(HOST_SUBDIR)/mpfr/src -I$$s/mpfr/src '"$gmpinc"
-+    extra_mpc_mpfr_configure_flags='--with-mpfr-include=$$s/mpfr/src --with-mpfr-lib=$$r/$(HOST_SUBDIR)/mpfr/src/'"$lt_cv_objdir"
-+  else
-+    gmplibs='-L$$r/$(HOST_SUBDIR)/mpfr/'"$lt_cv_objdir $gmplibs"
-+    gmpinc='-I$$r/$(HOST_SUBDIR)/mpfr -I$$s/mpfr '"$gmpinc"
-+    extra_mpc_mpfr_configure_flags='--with-mpfr-include=$$s/mpfr --with-mpfr-lib=$$r/$(HOST_SUBDIR)/mpfr/'"$lt_cv_objdir"
-+  fi
-   # Do not test the mpfr version.  Assume that it is sufficient, since
-   # it is in the source tree, and the library has not been built yet
-   # but it would be included on the link line in the version check below
-diff --git a/configure.ac b/configure.ac
-index 0159f5e..378e9f5 100644
---- a/configure.ac
-+++ b/configure.ac
-@@ -1289,9 +1289,16 @@ if test "x$with_mpfr_lib" != x; then
-   gmplibs="-L$with_mpfr_lib $gmplibs"
- fi
- if test "x$with_mpfr$with_mpfr_include$with_mpfr_lib" = x && test -d ${srcdir}/mpfr; then
--  gmplibs='-L$$r/$(HOST_SUBDIR)/mpfr/'"$lt_cv_objdir $gmplibs"
--  gmpinc='-I$$r/$(HOST_SUBDIR)/mpfr -I$$s/mpfr '"$gmpinc"
--  extra_mpc_mpfr_configure_flags='--with-mpfr-include=$$s/mpfr --with-mpfr-lib=$$r/$(HOST_SUBDIR)/mpfr/'"$lt_cv_objdir"
-+  # MPFR v3.1.0 moved the sources into a src sub-directory.
-+  if test -d ${srcdir}/mpfr/src; then
-+    gmplibs='-L$$r/$(HOST_SUBDIR)/mpfr/src/'"$lt_cv_objdir $gmplibs"
-+    gmpinc='-I$$r/$(HOST_SUBDIR)/mpfr/src -I$$s/mpfr/src '"$gmpinc"
-+    extra_mpc_mpfr_configure_flags='--with-mpfr-include=$$s/mpfr/src --with-mpfr-lib=$$r/$(HOST_SUBDIR)/mpfr/src/'"$lt_cv_objdir"
-+  else
-+    gmplibs='-L$$r/$(HOST_SUBDIR)/mpfr/'"$lt_cv_objdir $gmplibs"
-+    gmpinc='-I$$r/$(HOST_SUBDIR)/mpfr -I$$s/mpfr '"$gmpinc"
-+    extra_mpc_mpfr_configure_flags='--with-mpfr-include=$$s/mpfr --with-mpfr-lib=$$r/$(HOST_SUBDIR)/mpfr/'"$lt_cv_objdir"
-+  fi
-   # Do not test the mpfr version.  Assume that it is sufficient, since
-   # it is in the source tree, and the library has not been built yet
-   # but it would be included on the link line in the version check below
--- 
-1.7.3.4
-