...I went ahead and installed as http://gcc.gnu.org/r222179
It will be backported to 5.2 as soon as 5.1 is open for patches again (assuming RM won't approve this one for 5.1).
As far as I can tell, all works fine now, even with install-paths containing spaces and LTO.
Johann 2015-04-17 Sivanupandi Pitchumani <pitchumani.sivanupa...@atmel.com> PR target/65296 * config/avr/gen-avr-mmcu-specs.c (*avrlibc_startfile): Adjust to new AVR-LibC file layout (bug #44574). (*avrlibc_devicelib): Same. * config/avr/avr-mcus.def: Adjust comments. * config/avr/avr.opt (nodevicelib): Adjust help. Index: config/avr/gen-avr-mmcu-specs.c =================================================================== --- config/avr/gen-avr-mmcu-specs.c (revision 222178) +++ config/avr/gen-avr-mmcu-specs.c (revision 222179) @@ -171,11 +171,11 @@ bool is_arch = NULL == mcu->macro; if (is_device) { fprintf (f, "*avrlibc_startfile:\n"); - fprintf (f, "\tdev/%s/crt1.o%%s", mcu->name); + fprintf (f, "\tcrt%s.o%%s", mcu->name); fprintf (f, "\n\n"); fprintf (f, "*avrlibc_devicelib:\n"); - fprintf (f, "\t%%{!nodevicelib:dev/%s/libdev.a%%s}", mcu->name); + fprintf (f, "\t%%{!nodevicelib:-l%s}", mcu->name); fprintf (f, "\n\n"); } #endif // WITH_AVRLIBC Index: config/avr/avr-mcus.def =================================================================== --- config/avr/avr-mcus.def (revision 222178) +++ config/avr/avr-mcus.def (revision 222179) @@ -44,8 +44,8 @@ Before including this file, define a mac used by DRIVER_SELF_SPECS and gen-avr-mmcu-specs.c for - the name of the device specific specs file in -specs=device-specs/spec-<NAME> - - the name of the startup file dev/<NAME>/crt1.o - - the name of the device library dev/<NAME>/libdev.a + - the name of the startup file crt<NAME>.o + - to link the device library by means of -l<NAME> ARCH Specifies the multilib variant together with AVR_SHORT_SP Index: config/avr/avr.opt =================================================================== --- config/avr/avr.opt (revision 222178) +++ config/avr/avr.opt (revision 222179) @@ -97,4 +97,4 @@ Allow to use truncation instead of round nodevicelib Driver Target Report RejectNegative -Do not link against the device-specific library libdev.a +Do not link against the device-specific library lib<MCU>.a