Like the quote says.
Autotools sucks big time, and what it does has been largely unnecessary since around the turn of the millenium [1]; but since it's used almost everywhere in infrastructure (often decades-old) software you have to deal with it.
If you pull a 927 and make a grand unified build system, you get something like CMake which sucks even more (its own build process takes longer than that of the software it's supposed to build, need to deal with C++, have fun with CMakeLists build errors and customizations, etc.).
I believe git's build system is just a bunch of (or a single) Makefile. That's what an optimal build (but not mine, unfortunately) looks like. Though, pure (POSIX) make is insufficient for anything non-trivial IMHO.
phk's famous rant on libtool:
[1]: http://queue.acm.org/detail.cfm?id=2349257