What are the requirements for setting up the PlaneShift Server and Client?

Thanks.

I have already tried that, but I thought I was skipping a step, but anyways, the terminal says this:

Segmentation fault (core dumped)

Is this something wrong with my computer?
***I got the x86 one, I realy don't know what my computer is, x86, or x64***

Ok, if I download it on Windows, and copy the art from the Windows installation, and put it in the source files on Linux, would that work?

I changed everything correctly in updaterconfig.xml, according to your guide.
It does not update, this is what the terminal says when I run the updater.

initializing...Critical files (<critical>) not found (Server only)
NOTIFY: psUpdaterEngine initialized.
Checking registry version...
Server error 404 (http://psmirror.u24.solone.net/psupdater/version.dat)
Couldn't connect to mirror mir4!
Trying mirror mir1..
Server error: Couldn't connect to mirror (0)
Bad version info in file: /this/updatertemp/mir1.dat
Mirror lacks a version file; can't use it
Trying mirror mir2..
Server error 404 (http://planeshift.mirror.thumbnail.cz/psupdater/version.dat)
Bad version info in file: /this/updatertemp/mir2.dat
Mirror lacks a version file; can't use it
Trying mirror mir3..
Server error 404 (http://www.psmirror.org/psupdater/version.dat)
Bad version info in file: /this/updatertemp/mir3.dat
Mirror lacks a version file; can't use it
Trying mirror backup..
Server error 404 (http://laanx.fragnetics.com/updater_hidden/version.dat)
Bad version info in file: /this/updatertemp/backup.dat
Mirror lacks a version file; can't use it
Ran out of mirrors! Game cannot be updated.

What is wrong?

Oh, ok, thanks.

Now though when I compile it I get tons and tons of errors, and nothing compiles, everything fails to compile.
After I configure it, I type 'jam' to compile it, because when I type 'jam -aq client /home/cody/Development/planeshift' it says this,

Jamfile: No such file or directory
don't know how to make client
...found 2 target(s)...
...can't find 1 target(s)...

And /home/cody/Development is my development directory.

Well, these are the commands that the compiling guide gives you,

/home/user/development/planeshift$ ./autogen.sh
/home/user/development/planeshift$ ./configure --enable-debug --with-libcal3d=/home/user/development/cal3d
/home/user/development/planeshift$ jam -aq client

Ran the first one, and it told me to run configure.ac.
So I ran the second command, and then got that error.

The reason I want to build planeshift is, there are hardly no other open source 3D games out there, that are free, and yes, I am aware that it does not come with everything made, just a few characters and objects...

Thanks for the help everyone. 

Yes, I configured it first, but it put all the files that it configured in the /home directory, I moved them back to the Development directory in the cel folder.