In my test, this reduced log size from 4.2MB to 3.2MB.

Example of the new output (taken from Gem compilation):

      CXX      libplugins_la-record.lo
    record.cpp:58:3: warning: #warning better handling of duplicate codecs [-Wcpp]
     # warning better handling of duplicate codecs
       ^~~~~~~
    record.cpp:87:3: warning: #warning isThreadable [-Wcpp]
     # warning isThreadable
       ^~~~~~~
    record.cpp:257:3: warning: #warning enumerateProperties [-Wcpp]
     # warning enumerateProperties
       ^~~~~~~
      CXX      libplugins_la-video.lo
      CXX      libplugins_la-videoBase.lo
      CXXLD    libplugins.la

Not all components honour the V=0 flag -- perhaps they don't use
Automake, or use a very old version. However, many do.

See also: https://www.gnu.org/software/automake/manual/html_node/Automake-Silent-Rules.html

See also: #666