I think it was this one i remember i couldnt get the code to run unless i added -fwrapv to the -O3 optimizations, it seems to be caused by the switch from ppl to isl optimization libraries. There was also a bug in current release binutils (cant remember bug id) that caused nm to fail generating symbols for dll builds so the compiler i provide comes with the latest
cvs version which has that fixed (does not affect exe builds so should be fine for quake but better safe than sorry). 4.8.0 still has a rather large list of serious regressions which will hopefully be fixed with 4.8.1.
4.8.0 is neither worse nor better than many compilers

in fact gcc mostly does a better job than msvc but this release features a slew of new additions like SSE (64 bit only) so its predictable that there might be some bumps in the road.
Productivity is a state of mind.