In E-smith 4.1, I did a bit of poking around in the modules directory (/lib/modules/2.2.16-22) and in the ipv4 subdirectory I found a module by the name of ip_masq_pptp.o
It may be that you don't have to do any work at all - none of that mess of recompiling the kernel - just try the following command as root (be sure to log in at the console or over ssh as root, not as admin):
/sbin/insmod /lib/modules/uname -r/ipv4/ip_masq_pptp.o
This looks like it's too easy to be true, but that seems to be the whole e-smith philosophy, so I'd say give it a try.
Please let me know if this actually worked. I'm using a redhat box that I spent forever on patching the kernel for this and various other things, and I'm considering replacing it with an e-smith box.
Tim Larson