If anyone's trying to install the OpenACS RPM's on RH7, I had no problem after I did the following:
1. Get the OpenACS RPM tar file and untar
2. Delete all the PostgreSQL* files.
3. Get thee hence to ftp.postgresql.org/pub/binary/v7.0.3/RPMS/RedHat7-0 and mget *
4. Where you untarred the OpenACS RPM, edit install.sh to point to the postgres 3.0.2 files you just downloaded.
5. If useradd and groupadd aren't in your path ( RH put mine in /usr/sbin) then add them to path or add a symbolic link ( i.e.
ln -s /usr/sbin/groupadd /usr/bin/groupadd)
6. Run ./install.sh
After some time ( low 8min, high 29min!) , pointing your browser to http://localhost:8000 should bring up the OpenACS.
Now the fun begins....