I've just updated my trunk sandbox and ran 'bjam toolset=msvc' in the boost root folder and everything built fine using msvc 7.1. Tried it using bjam 3.1.16 (1.34.1 boost library release) and the 3.1.17 from the trunk...
I'm attaching the --debug-building log I got on my side with bjam 3.1.17 (with renamed folder path to match yours...)
The only differences I see is that I use msvc 7.1 and you use msvc 8.0. and that for some reason some paths (related to boost Graph I think) in on your side are displayed using backslashes instead of slashes.
Also, you have your Jamroot file set so it uses the complete build type by default... Any other local changes on your side?
Note that my Jamroot is the latest from SVN. Best, John
Hope this helps...
Best regards, Jurko Gospodnetić
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-- http://John.Torjo.com -- C++ expert ... call me only if you want things done right