using MASTER 600 again, it is definately better, and using urxvtc for the moment (it doesn't flickers on refreshes, but this is not because of Marc Lehmann, it is because of the original rxvt code)
# dwm version
VERSION = 2.0
# Customize below to fit your system
# paths
PREFIX = /usr/local
MANPREFIX = ${PREFIX}/share/man
X11INC = /usr/X11R6/include
X11LIB = /usr/X11R6/lib
# includes and libs
INCS = -I. -I/usr/include -I${X11INC}
LIBS = -L/usr/lib -lc -L${X11LIB} -lX11
# flags
CFLAGS = -Os ${INCS} -DVERSION=\"${VERSION}\"
LDFLAGS = ${LIBS}
#CFLAGS = -g -Wall -O2 ${INCS} -DVERSION=\"${VERSION}\"
#LDFLAGS = -g ${LIBS}
# compiler and linker
CC = cc
LD = ${CC}