cp c:/windows/system32/calc.exe c:/
run configure

I get this output:
  :
checking resolved symbolic links for CC... /cygdrive/c/Program Files/Microsoft Visual Studio 10.0/VC/BIN/cl
checking if CC is disguised ccache... no, keeping CC

and then the windows calculator opens on my screen.

I think the problem is executing c:/Program Files/..... programs without surrounding quotes, eg:
        COMPILER_VERSION_TEST=`$COMPILER 2>&1 | $HEAD -n 1`