2010/11/19 Aditya Mahajan <adityam@umich.edu>
You pdftex is from texlive, but you do not have a metapost executable from texlive. Either install metapost in texlive or use minimals (You already seem to have the minimals installed. You need to run "source ~/ConTeXt/tex/setuptex" to add the minimals' binaries to the path).

Mpost is still not found.
 
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Cecil Westerhof