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Rolf,
a) Your test case fails on my machine as well, right at the
beginning
b) I seem to remember that there was/is a separate problem with "make
- -j", even on non-hyperthreasd machines. Unfortunately I cannot
search the mailing list right now due to some error (that possibly
has to do with cygwin.com's earlier breakdown. I do remember a
sentence somewhere like "We don't recommend that you use 'make -j' as
it seems to be broken"
c) Running your testcase with '-j1' instead of '-j2' does not fail on
my machine