For anyone who is interested...heres what i ended up doing for it to finally work...
Installed VM Fedora 7....
Disabled the Firewall, SELinux, and Killed the IPTables (/etc/init.d/iptables stop)
Yum Installed the following:
RRDTool, RRDTool-Devel, OpenSSL-Devel, OpenLDAP-Devel, PCRE-Devel, Fping (although i didnt use it), and what seemed to fix everything was LIBPNG-DEVEL....!!! Not sure y,..but...
I then was able to do a clean ./Configure of Xymon/Hobbit and installed it into /usr/local/xymon using the xymon user account and then GMAKED!! only when i ran gmake instead of make did it work in the end..once again, not sure y....then ran GMAKE INSTALL....instead of make install...
Configured the apache file, started httpd, and then started hobbitd WITHOUT making any cfg changes...Worked like a charm...NO data was avaiulable rigt away but aftre 2 min, the client (bb server) appeared and clicking on the STATUS actually works now...
Woo hoo for me..:)