I've recently updated the ARMv5te RootFS. This update brings all packages up to date, bypassing any issues with /usr/lib etc, as well as sets up Systemd as /sbin/init so you don't have to!
Please test it out and leave your comments here!
RootFS http://us.mirror.archlinuxarm.org/os/armv5te/ArchLinuxARM-2012.11-armv5te-rootfs_systemd.tar.gz
MD5 http://us.mirror.archlinuxarm.org/os/armv5te/ArchLinuxARM-2012.11-armv5te-rootfs_systemd.tar.gz.md5