Kernel.org has updated their info, I believe we can simply link to their instructions "avoiding duplication of effort" T1nk3r3r 21:13, 7 January 2012 (EST)
Easy Local Kernel Configuration
I'm not brave enough to edit the main article, but according to the 2.6.32 release notes, the build targets "localmodconfig" and "localyesconfig" have been added to ease in creating custom kernels. The difference, as I understand it between the first and second target is that the latter removes unused modules so that init scripts and modules are unneeded.
Perhaps someone saavy enough could edit this article accordingly?
--EnvoyRising 03:28, 15 December 2009 (EST)