Using MSVC 2008 there are still some compile errors (rev. 4307) mainly some
missing #includes
Some of those files comes from 1.2 some of them are removed, others renamed…
Here is the build log, I hope someone is going to fix it 
1>------ Build started: Project: SDL, Configuration: Release Pocket PC 2003
(ARMV4) ------
1>Compiling…
1>SDL_yuv_sw.c
1>SDL_yuv_mmx.c
1>SDL_yuv.c
1>c1 : fatal error C1083: Cannot open source file: ‘…\src\video\SDL_yuv.c’:
No such file or directory
1>SDL_wingl.c
1>c1 : fatal error C1083: Cannot open source file: ‘…\src\video\wincommon
\SDL_wingl.c’: No such file or directory
1>SDL_wave.c
1>SDL_video.c
1>SDL_timer.c
1>SDL_thread.c
1>SDL_syswm.c
1>c1 : fatal error C1083: Cannot open source file: ‘…\src\video\wincommon
\SDL_syswm.c’: No such file or directory
1>SDL_systimer.c
1>SDL_systhread.c
1>SDL_syssem.c
1>SDL_sysmutex.c
1>SDL_sysmouse.c
1>c1 : fatal error C1083: Cannot open source file: ‘…\src\video\wincommon
\SDL_sysmouse.c’: No such file or directory
1>SDL_sysloadso.c
1>SDL_sysjoystick.c
1>SDL_sysevents.c
1>c1 : fatal error C1083: Cannot open source file: ‘…\src\video\wincommon
\SDL_sysevents.c’: No such file or directory
1>SDL_syscond.c
1>SDL_syscdrom.c
1>SDL_surface.c
1>Generating Code…
1>Compiling…
1>SDL_string.c
1>SDL_stretch.c
1>SDL_rwops.c
1>SDL_RLEaccel.c
1>SDL_resize.c
1>c1 : fatal error C1083: Cannot open source file: ‘…\src\events
\SDL_resize.c’: No such file or directory
1>SDL_quit.c
1>SDL_qsort.c
1>SDL_pixels.c
1>SDL_nullvideo.c
1>SDL_nullmouse.c
1>c1 : fatal error C1083: Cannot open source file: ‘…\src\video\dummy
\SDL_nullmouse.c’: No such file or directory
1>SDL_nullevents.c
1>SDL_mouse.c
1>SDL_mixer_MMX_VC.c
1>SDL_mixer.c
1>SDL_malloc.c
1>SDL_keyboard.c
1>SDL_joystick.c
1>SDL_iconv.c
1>SDL_getenv.c
1>sdl_gapivideo.c
1>…\src\video\gapi\sdl_gapivideo.c(51) : fatal error C1083: Cannot open
include file: ‘…/wincommon/SDL_syswm_c.h’: No such file or directory
1>Generating Code…
1>Compiling…
1>SDL_gamma.c
1>SDL_fatal.c
1>SDL_expose.c
1>c1 : fatal error C1083: Cannot open source file: ‘…\src\events
\SDL_expose.c’: No such file or directory
1>SDL_events.c
1>SDL_error.c
1>SDL_dummyaudio.c
1>SDL_diskaudio.c
1>SDL_dibvideo.c
1>c1 : fatal error C1083: Cannot open source file: ‘…\src\video\windib
\SDL_dibvideo.c’: No such file or directory
1>SDL_dibevents.c
1>c1 : fatal error C1083: Cannot open source file: ‘…\src\video\windib
\SDL_dibevents.c’: No such file or directory
1>SDL_dibaudio.c
1>SDL_cursor.c
1>c1 : fatal error C1083: Cannot open source file: ‘…\src\video
\SDL_cursor.c’: No such file or directory
1>SDL_cpuinfo.c
1>SDL_bmp.c
1>SDL_blit_N.c
1>SDL_blit_A.c
1>SDL_blit_1.c
1>SDL_blit_0.c
1>SDL_blit.c
1>SDL_audiodev.c
1>SDL_audiocvt.c
1>…\src\audio\SDL_audiocvt.c(1651) : error C2065: ‘M_PI’ : undeclared
identifier
1>…\src\audio\SDL_audiocvt.c(1652) : error C2065: ‘M_PI’ : undeclared
identifier
1>…\src\audio\SDL_audiocvt.c(1662) : warning C4013: ‘sinf’ undefined;
assuming extern returning int
1>…\src\audio\SDL_audiocvt.c(1666) : warning C4013: ‘cosf’ undefined;
assuming extern returning int
1>…\src\audio\SDL_audiocvt.c(1804) : warning C4018: ‘<’ : signed/unsigned
mismatch
1>…\src\audio\SDL_audiocvt.c(1807) : warning C4018: ‘<’ : signed/unsigned
mismatch
1>…\src\audio\SDL_audiocvt.c(1810) : warning C4018: ‘<’ : signed/unsigned
mismatch
1>Generating Code…
1>Compiling…
1>SDL_audio.c
1>SDL_active.c
1>c1 : fatal error C1083: Cannot open source file: ‘…\src\events
\SDL_active.c’: No such file or directory
1>Generating Code…
1>Build log was saved at "file://c:\programming\SDL_repository\VisualCE\SDL
\Pocket PC 2003 (ARMV4)\Release\BuildLog.htm"
1>SDL - 15 error(s), 5 warning(s)