styletemplates gulp task fails

Trying to build the project (v1.1.3) with gulp as the instructions say throws me this error:

```
Requiring external module babel-core/register
/Volumes/xxxx/material-design-lite/node_modules/babel-core/lib/transformation/file/options/option-manager.js:126
if (!option) this.log.error("Unknown option: " + alias + "." + key, Refe
^
TypeError: Cannot read property 'error' of undefined
at OptionManager.mergeOptions (/Volumes/xxxx/material-design-lite/node_modules/babel-core/lib/transformation/file/options/option-manager.js:126:28)
at OptionManager.addConfig (/Volumes/xxxx/material-design-lite/node_modules/babel-core/lib/transformation/file/options/option-manager.js:107:10)
at OptionManager.findConfigs (/Volumes/xxxx/material-design-lite/node_modules/babel-core/lib/transformation/file/options/option-manager.js:168:35)
at OptionManager.init (/Volumes/xxxx/material-design-lite/node_modules/babel-core/lib/transformation/file/options/option-manager.js:229:12)
at compile (/Volumes/xxxx/material-design-lite/node_modules/babel-core/lib/api/register/node.js:117:22)
at normalLoader (/Volumes/xxxx/material-design-lite/node_modules/babel-core/lib/api/register/node.js:199:14)
at Object.require.extensions.(anonymous function) [as .js] (/Volumes/xxxx/material-design-lite/node_modules/babel-core/lib/api/register/node.js:216:7)
at Module.load (module.js:355:32)
at Function.Module._load (module.js:310:12)
at Module.require (module.js:365:17)
at require (module.js:384:17)
```

I'm on OSX 10.10.5, using node 0.12.2, gulp 3.9.1