Sorry for the "Bash:" stuff. A "Makefile" or equivilent was mentioned; meaning: building/compiling from bash (the command line), but doing this totally unncessary. Install Xcode, open the project, and press Command+B to Build, or Command+R to Run. I built for 10.5 PowerPC and ran the Bean Application.
I generally stick to Mac OS X 10.4 and 10.5 because that is what I have installed. I believe it is possible to do anything with software. And, it is possible to compile/build for 10.3, 10.2, and 10.1, I have installed those SDKs in the past. It just isn't that practical because one would most likely need to put a lot of work into this (time and effort to make it work.) It is much more of a convenience, if you can install Mac OS X 10.4 or 10.5, as the older versions of the Application are available for download from the site for Bean.