During the install a cmd.exe window comes up. Toward the end of that install, I got:
MinGW-1.1 has a version of make.exe within it's bin/ directory.
Please be sure to rename this file to mingw32-make.exe once youve
echo installed MinGW-1.1 because it\s very deficient in function.
Which looks like some string escapes got confused (but that's just a guess).